Havemeyer Place LP Takes Position in Aurora Innovation, Inc. $AUR

Havemeyer Place LP acquired a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 124,346 shares of the company’s stock, valued at approximately $477,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Aurora Innovation by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock valued at $616,579,000 after acquiring an additional 17,818,179 shares during the last quarter. DNB Asset Management AS raised its stake in Aurora Innovation by 93.0% in the 4th quarter. DNB Asset Management AS now owns 1,037,510 shares of the company’s stock valued at $3,984,000 after purchasing an additional 499,935 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Aurora Innovation by 6,824.0% in the 4th quarter. SG Americas Securities LLC now owns 9,645,035 shares of the company’s stock valued at $37,037,000 after purchasing an additional 9,505,736 shares in the last quarter. Liontrust Investment Partners LLP purchased a new position in Aurora Innovation in the 3rd quarter valued at about $3,731,000. Finally, ARK Investment Management LLC boosted its stake in shares of Aurora Innovation by 73.6% during the 3rd quarter. ARK Investment Management LLC now owns 4,743,215 shares of the company’s stock worth $25,566,000 after purchasing an additional 2,011,015 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Insider Activity

In other news, Director Reid Hoffman sold 1,202,354 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $7.27, for a total transaction of $8,741,113.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 7,048,487 shares of company stock worth $54,295,119. 8.52% of the stock is owned by insiders.

Aurora Innovation Price Performance

Shares of AUR stock opened at $6.16 on Wednesday. The firm’s 50-day simple moving average is $5.95 and its 200-day simple moving average is $4.91. Aurora Innovation, Inc. has a 1-year low of $3.60 and a 1-year high of $8.56. The firm has a market cap of $12.08 billion, a P/E ratio of -14.00 and a beta of 2.62.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.97 million. Aurora Innovation had a negative net margin of 20,775.00% and a negative return on equity of 40.45%. Aurora Innovation’s revenue was down 66.7% on a year-over-year basis. Analysts expect that Aurora Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price target on shares of Aurora Innovation in a report on Thursday, May 7th. Morgan Stanley restated an “overweight” rating and set a $14.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. TD Cowen boosted their price target on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Monday, April 20th. Finally, Northland Securities assumed coverage on Aurora Innovation in a report on Friday, May 29th. They set an “outperform” rating and a $11.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Aurora Innovation currently has an average rating of “Hold” and an average price target of $12.25.

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.