Parallel Advisors LLC Has $315,000 Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Parallel Advisors LLC boosted its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 86.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,923 shares of the company’s stock after buying an additional 23,096 shares during the period. Parallel Advisors LLC’s holdings in Aurora Innovation were worth $315,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Aurora Innovation by 15.5% during the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock valued at $134,981,000 after acquiring an additional 3,064,342 shares during the period. State Street Corp raised its holdings in shares of Aurora Innovation by 15.2% in the third quarter. State Street Corp now owns 22,183,252 shares of the company’s stock valued at $131,325,000 after buying an additional 2,920,653 shares during the last quarter. FMR LLC raised its holdings in shares of Aurora Innovation by 206.1% in the third quarter. FMR LLC now owns 13,848,530 shares of the company’s stock valued at $81,983,000 after buying an additional 9,325,013 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Aurora Innovation by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,693,947 shares of the company’s stock valued at $54,772,000 after buying an additional 269,120 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Aurora Innovation by 57.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,796,952 shares of the company’s stock valued at $30,221,000 after buying an additional 1,753,757 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Trading Up 1.3 %

Aurora Innovation stock opened at $7.23 on Friday. The firm has a market capitalization of $12.58 billion, a P/E ratio of -15.38 and a beta of 2.82. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77. The business has a 50-day moving average of $7.20 and a 200-day moving average of $6.48.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. Research analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on AUR shares. Wolfe Research started coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating for the company. Evercore ISI lifted 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. TD Cowen started coverage on Aurora Innovation in a research report on Friday, March 7th. They issued a “hold” rating and a $8.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group lifted their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.08.

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.