Aurora Innovation, Inc. (NASDAQ:AUR) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 22.3% during the fourth quarter, HoldingsChannel reports. The fund owned 1,839,400 shares of the company’s stock after buying an additional 335,000 shares during the period. Swiss National Bank’s holdings in Aurora Innovation were worth $11,588,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Aurora Innovation by 206.1% during the third quarter. FMR LLC now owns 13,848,530 shares of the company’s stock worth $81,983,000 after purchasing an additional 9,325,013 shares in the last quarter. Geode Capital Management LLC lifted its stake in Aurora Innovation by 15.5% during the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock worth $134,981,000 after purchasing an additional 3,064,342 shares in the last quarter. State Street Corp lifted its stake in Aurora Innovation by 15.2% during the third quarter. State Street Corp now owns 22,183,252 shares of the company’s stock worth $131,325,000 after purchasing an additional 2,920,653 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Aurora Innovation by 26.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock worth $49,875,000 after purchasing an additional 1,776,513 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Aurora Innovation by 57.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,796,952 shares of the company’s stock worth $30,221,000 after purchasing an additional 1,753,757 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AUR shares. TD Cowen started coverage on Aurora Innovation in a research note on Friday, March 7th. They set a “hold” rating and a $8.00 price target on the stock. Canaccord Genuity Group upped their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. Evercore ISI upped their price objective on Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 18th. Finally, Wolfe Research initiated coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.08.

Aurora Innovation Price Performance

NASDAQ:AUR opened at $7.14 on Friday. The firm has a market capitalization of $12.43 billion, a PE ratio of -15.19 and a beta of 2.82. The business’s fifty day moving average price is $7.20 and its 200 day moving average price is $6.45. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $10.77.

Aurora Innovation (NASDAQ:AUR) last posted its earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. As a group, equities analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

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.