Lingotto Investment Management LLP Raises Stock Position in Aurora Innovation, Inc. $AUR

Lingotto Investment Management LLP raised its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 25.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,450,000 shares of the company’s stock after acquiring an additional 700,000 shares during the quarter. Aurora Innovation makes up about 0.4% of Lingotto Investment Management LLP’s investment portfolio, making the stock its 23rd biggest position. Lingotto Investment Management LLP’s holdings in Aurora Innovation were worth $18,078,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in Aurora Innovation by 463.3% in the 2nd 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 in the last quarter. PNC Financial Services Group Inc. grew 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 acquiring an additional 2,085 shares in the last quarter. Autumn Glory Partners LLC bought a new stake in Aurora Innovation in the 2nd quarter valued at $52,000. Evolution Wealth Advisors LLC purchased a new stake in Aurora Innovation in the 2nd quarter worth $52,000. Finally, Legacy Financial Strategies LLC bought a new position in shares of Aurora Innovation during the 2nd quarter valued at about $55,000. Institutional investors own 44.71% of the company’s stock.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Brittany Bagley sold 50,000 shares of the business’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 transaction, the director owned 398,372 shares in the company, valued at $2,147,225.08. The trade was a 11.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher Urmson bought 258,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were acquired at an average cost of $3.88 per share, for a total transaction of $1,001,040.00. Following the purchase, the chief executive officer owned 258,000 shares of the company’s stock, valued at approximately $1,001,040. The trade was a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 11.85% of the company’s stock.

Aurora Innovation Price Performance

Shares of NASDAQ AUR opened at $4.57 on Friday. Aurora Innovation, Inc. has a 1-year low of $3.60 and a 1-year high of $10.77. The business’s 50 day moving average is $4.75 and its two-hundred day moving average is $5.45. The stock has a market capitalization of $8.84 billion, a P/E ratio of -10.16 and a beta of 2.46.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Tuesday, October 28th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.23 million. During the same quarter last year, the firm posted ($0.13) EPS. As a group, equities research analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AUR. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of Aurora Innovation in a report on Wednesday, October 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a report on Wednesday, October 8th. TD Cowen reduced their price objective on Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a research note on Thursday, October 30th. Oppenheimer reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Aurora Innovation in a report on Wednesday, October 29th. Finally, Cowen reissued a “hold” rating on shares of Aurora Innovation in a report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.06.

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.