Aurora Innovation, Inc. $AUR Shares Purchased by Lingotto Investment Management LLP

Lingotto Investment Management LLP lifted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 34.1% during the fourth quarter, Holdings Channel reports. The firm owned 8,153,945 shares of the company’s stock after buying an additional 2,072,366 shares during the period. Aurora Innovation comprises about 0.5% of Lingotto Investment Management LLP’s holdings, making the stock its 23rd largest position. Lingotto Investment Management LLP’s holdings in Aurora Innovation were worth $31,311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AUR. Capital Research Global Investors raised its position in shares of Aurora Innovation by 35.9% during the 3rd quarter. Capital Research Global Investors now owns 71,298,585 shares of the company’s stock worth $384,299,000 after purchasing an additional 18,820,542 shares during the period. Vanguard Group Inc. raised its position in shares of Aurora Innovation by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock worth $616,579,000 after purchasing an additional 17,818,179 shares during the period. SG Americas Securities LLC raised its position in shares of Aurora Innovation by 6,824.0% during the 4th quarter. SG Americas Securities LLC now owns 9,645,035 shares of the company’s stock worth $37,037,000 after purchasing an additional 9,505,736 shares during the period. Norges Bank acquired a new stake in shares of Aurora Innovation during the 4th quarter worth approximately $32,055,000. Finally, Squarepoint Ops LLC raised its position in shares of Aurora Innovation by 3,256.1% during the 2nd quarter. Squarepoint Ops LLC now owns 6,753,259 shares of the company’s stock worth $35,387,000 after purchasing an additional 6,552,034 shares during the period. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Price Performance

Shares of AUR stock opened at $7.47 on Tuesday. Aurora Innovation, Inc. has a 12-month low of $3.60 and a 12-month high of $8.56. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of -16.98 and a beta of 2.62. The business has a 50 day simple moving average of $5.66 and a 200 day simple moving average of $4.80.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $0.97 million. Aurora Innovation’s revenue for the quarter was down 66.7% compared to the same quarter last year. On average, equities analysts anticipate that Aurora Innovation, Inc. will post -0.46 EPS for the current fiscal year.

Analyst Ratings Changes

AUR has been the topic of a number of research reports. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price target on shares of Aurora Innovation in a research report on Thursday, May 7th. Morgan Stanley reiterated an “overweight” rating and set a $14.00 price target on shares of Aurora Innovation in a research report on Thursday, May 7th. Northland Securities initiated coverage on Aurora Innovation in a research report on Friday. They set an “outperform” rating and a $11.00 price target on the stock. The Goldman Sachs Group increased their price target on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Finally, TD Cowen increased their price target on Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.43.

Insider Transactions at Aurora Innovation

In related news, Director Reid Hoffman sold 5,498,487 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $7.81, for a total value of $42,943,183.47. Following the completion of the transaction, the director directly owned 77,500 shares of the company’s stock, valued at $605,275. This represents a 98.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 7,048,487 shares of company stock valued at $54,295,119. Corporate insiders own 8.52% of the company’s stock.

Aurora Innovation Profile

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.