Aurora Innovation, Inc. (NASDAQ:AUR) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 4.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 515,158 shares of the company’s stock after selling 22,618 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Aurora Innovation were worth $3,245,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Twin Tree Management LP lifted its position in Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after acquiring an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after purchasing an additional 4,955 shares in the last quarter. Grimes & Company Inc. purchased a new position in shares of Aurora Innovation in the fourth quarter valued at $63,000. Yousif Capital Management LLC acquired a new stake in Aurora Innovation during the 4th quarter valued at $65,000. Finally, Avantax Advisory Services Inc. purchased a new stake in Aurora Innovation during the 4th quarter worth $65,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $7.28 on Friday. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77. The firm’s 50-day moving average is $6.76 and its 200-day moving average is $6.82. The company has a market cap of $12.67 billion, a P/E ratio of -15.49 and a beta of 2.76.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Canaccord Genuity Group lifted their target price on Aurora Innovation from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Oppenheimer started coverage on Aurora Innovation in a research report on Thursday, March 27th. They issued an “outperform” rating and a $15.00 target price on the stock. Needham & Company LLC raised their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday. The Goldman Sachs Group raised shares of Aurora Innovation from a “sell” rating to a “neutral” rating and upped their price target for the company from $3.00 to $6.00 in a report on Thursday, April 10th. Finally, Evercore ISI raised their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.63.

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.