Nomura Asset Management Co. Ltd. Has $787,000 Stake in Aurora Innovation, Inc. $AUR

Nomura Asset Management Co. Ltd. increased its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 177.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 204,818 shares of the company’s stock after acquiring an additional 130,864 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Aurora Innovation were worth $787,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AUR. Capital Research Global Investors increased its holdings 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 valued at $384,299,000 after acquiring an additional 18,820,542 shares during the last quarter. Vanguard Group Inc. boosted its stake in Aurora Innovation by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock valued at $616,579,000 after purchasing an additional 17,818,179 shares during the period. SG Americas Securities LLC boosted its stake in 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 valued at $37,037,000 after purchasing an additional 9,505,736 shares during the period. Norges Bank bought a new stake in Aurora Innovation during the 4th quarter valued at approximately $32,055,000. Finally, Squarepoint Ops LLC boosted its stake in Aurora Innovation by 3,256.1% during the 2nd quarter. Squarepoint Ops LLC now owns 6,753,259 shares of the company’s stock valued at $35,387,000 after purchasing an additional 6,552,034 shares during the period. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Trading Down 7.7%

Shares of AUR stock opened at $6.31 on Friday. The stock has a 50 day moving average of $5.87 and a two-hundred day moving average of $4.87. Aurora Innovation, Inc. has a 12 month low of $3.60 and a 12 month high of $8.56. The company has a market capitalization of $12.38 billion, a P/E ratio of -14.34 and a beta of 2.62.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) 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 company had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.97 million. The company’s quarterly revenue was down 66.7% compared to the same quarter last year. Sell-side analysts predict that Aurora Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 1,202,354 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $7.27, for a total value of $8,741,113.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 7,048,487 shares of company stock valued at $54,295,119. 8.52% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AUR has been the subject of several recent analyst reports. Cantor Fitzgerald restated an “overweight” rating on shares of Aurora Innovation in a research note on Monday, February 9th. Wall Street Zen downgraded Aurora Innovation from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. TD Cowen increased their target price on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Craig Hallum initiated coverage on Aurora Innovation in a research note on Friday. They set a “buy” rating and a $18.00 target price for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.25.

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.