Liontrust Investment Partners LLP Decreases Holdings in Aurora Innovation, Inc. $AUR

Liontrust Investment Partners LLP reduced its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 23.8% in the 1st quarter, Holdings Channel reports. The firm owned 950,034 shares of the company’s stock after selling 295,929 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Aurora Innovation were worth $3,914,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AUR. Vanguard Group Inc. boosted its position in shares of Aurora Innovation by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock worth $616,579,000 after buying an additional 17,818,179 shares during the period. Bank of America Corp DE grew its stake in shares of Aurora Innovation by 130.0% in the first quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock valued at $123,749,000 after buying an additional 16,975,927 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Aurora Innovation by 6.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock valued at $1,055,269,000 after buying an additional 16,933,373 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Aurora Innovation by 2,068.8% during the 1st quarter. Janus Henderson Group PLC now owns 11,243,080 shares of the company’s stock valued at $46,319,000 after buying an additional 10,724,682 shares during the period. Finally, SC US Ttgp LTD. purchased a new stake in shares of Aurora Innovation during the 4th quarter valued at about $33,830,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Aurora Innovation

In related news, Director Reid Hoffman sold 5,498,487 shares of Aurora Innovation stock in a transaction on Friday, May 15th. The shares were sold at an average price of $7.81, for a total value of $42,943,183.47. Following the completion of the sale, the director owned 77,500 shares in the company, valued at approximately $605,275. The trade was a 98.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David M. Wehner purchased 82,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $6.04 per share, with a total value of $498,300.00. Following the purchase, the director owned 246,519 shares of the company’s stock, valued at approximately $1,488,974.76. The trade was a 50.30% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,048,487 shares of company stock valued at $54,295,119. Company insiders own 8.52% of the company’s stock.

Aurora Innovation Stock Performance

NASDAQ:AUR opened at $6.24 on Friday. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of -13.28 and a beta of 2.63. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.56. The business’s 50-day simple moving average is $6.45 and its 200 day simple moving average is $5.46.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.02%. The business had revenue of $2.00 million for the quarter, compared to analyst estimates of $1.66 million. During the same quarter last year, the business earned ($0.11) EPS. Aurora Innovation’s revenue for the quarter was up 100.0% compared to the same quarter last year. On average, equities research analysts predict that Aurora Innovation, Inc. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AUR shares. Wall Street Zen cut Aurora Innovation from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Friday, July 17th. Morgan Stanley reissued an “overweight” rating and set a $14.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. Craig Hallum initiated coverage on shares of Aurora Innovation in a research report on Friday, June 5th. They set a “buy” rating and a $18.00 target price on the stock. Finally, The Goldman Sachs Group upped their target price on shares of Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.22.

About Aurora Innovation

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.