Lightspeed Management Company L.L.C. Buys Shares of 11,746,572 Aurora Innovation, Inc. (NASDAQ:AUR)

Lightspeed Management Company L.L.C. bought a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,746,572 shares of the company’s stock, valued at approximately $74,003,000. Aurora Innovation accounts for 20.7% of Lightspeed Management Company L.L.C.’s investment portfolio, making the stock its 3rd biggest position. Lightspeed Management Company L.L.C. owned 0.68% of Aurora Innovation at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AUR. Barclays PLC raised its stake in Aurora Innovation by 431.9% during the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company’s stock valued at $10,122,000 after purchasing an additional 1,388,307 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Aurora Innovation by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock worth $8,172,000 after acquiring an additional 394,933 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Aurora Innovation by 7.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 172,129 shares of the company’s stock worth $1,084,000 after acquiring an additional 11,870 shares in the last quarter. Breakwater Capital Group raised its holdings in shares of Aurora Innovation by 79.9% during the fourth quarter. Breakwater Capital Group now owns 64,507 shares of the company’s stock worth $406,000 after acquiring an additional 28,656 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Aurora Innovation by 441.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 108,937 shares of the company’s stock worth $686,000 after acquiring an additional 88,821 shares in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on AUR. Oppenheimer began coverage on Aurora Innovation in a report on Thursday, March 27th. They set an “outperform” rating and a $15.00 price objective for the company. TD Cowen began coverage on Aurora Innovation in a report on Friday, March 7th. They set a “hold” rating and a $8.00 price objective for the company. The Goldman Sachs Group upgraded Aurora Innovation from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $3.00 to $6.00 in a report on Thursday, April 10th. Morgan Stanley initiated coverage on Aurora Innovation in a report on Monday, March 3rd. They set an “overweight” rating and a $12.00 price objective for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Aurora Innovation has an average rating of “Moderate Buy” and an average price target of $10.63.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $7.28 on Monday. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of -15.49 and a beta of 2.76. The company’s fifty day moving average price is $6.76 and its two-hundred day moving average price is $6.82. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). As a group, sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

About Aurora Innovation

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.