KBC Group NV Purchases 192,786 Shares of Aurora Innovation, Inc. $AUR

KBC Group NV grew its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 462.9% during the second quarter, HoldingsChannel.com reports. The fund owned 234,437 shares of the company’s stock after acquiring an additional 192,786 shares during the quarter. KBC Group NV’s holdings in Aurora Innovation were worth $1,228,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its position in shares of Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock valued at $36,000 after acquiring an additional 3,568 shares during the last quarter. Farther Finance Advisors LLC increased its position in Aurora Innovation by 463.3% in the second quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock worth $40,000 after purchasing an additional 6,264 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock valued at $52,000 after purchasing an additional 2,085 shares in the last quarter. Autumn Glory Partners LLC bought a new position in Aurora Innovation during the second quarter valued at $52,000. Finally, Legacy Financial Strategies LLC bought a new position in Aurora Innovation during the second quarter valued at $55,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Trading Down 0.7%

Shares of NASDAQ:AUR opened at $4.13 on Monday. Aurora Innovation, Inc. has a 12 month low of $3.99 and a 12 month high of $10.77. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of -9.18 and a beta of 2.44. The firm’s 50-day moving average is $5.26 and its 200 day moving average is $5.75.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $1.23 million. During the same period in the previous year, the business earned ($0.13) EPS. As a group, equities analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Insider Activity

In related news, Director Brittany Bagley sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total transaction of $269,500.00. Following the completion of the sale, the director directly owned 398,372 shares of the company’s stock, valued at approximately $2,147,225.08. This trade represents a 11.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.85% of the company’s stock.

Analysts Set New Price Targets

AUR has been the topic of a number of research reports. Canaccord Genuity Group restated a “buy” rating and issued a $15.00 target price on shares of Aurora Innovation in a report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, October 8th. UBS Group reissued an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Aurora Innovation in a research note on Wednesday, October 29th. Finally, TD Cowen dropped their target price on Aurora Innovation from $7.40 to $5.50 and set a “hold” rating for the company in a report on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.44.

Aurora Innovation Company Profile

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.