SB Investment Advisers UK Ltd. Has $150.70 Million Position in Aurora Innovation, Inc. $AUR

SB Investment Advisers UK Ltd. reduced its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 13.8% in the first quarter, Holdings Channel.com reports. The fund owned 22,409,482 shares of the company’s stock after selling 3,587,644 shares during the quarter. Aurora Innovation comprises about 1.4% of SB Investment Advisers UK Ltd.’s portfolio, making the stock its 5th largest holding. SB Investment Advisers UK Ltd.’s holdings in Aurora Innovation were worth $150,704,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in Aurora Innovation during the 4th quarter worth $702,000. Mariner LLC increased its holdings in shares of Aurora Innovation by 116.2% in the 4th quarter. Mariner LLC now owns 86,235 shares of the company’s stock valued at $543,000 after acquiring an additional 46,346 shares during the period. First Trust Advisors LP increased its holdings in shares of Aurora Innovation by 1,553.8% in the 4th quarter. First Trust Advisors LP now owns 930,872 shares of the company’s stock valued at $5,864,000 after acquiring an additional 874,585 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Aurora Innovation by 242.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 24,729 shares of the company’s stock valued at $156,000 after acquiring an additional 17,509 shares during the period. Finally, Stifel Financial Corp purchased a new position in shares of Aurora Innovation in the 4th quarter valued at $72,000. 44.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $5.92, for a total transaction of $272,894.24. Following the completion of the sale, the director owned 330,425 shares in the company, valued at $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John J. Donahoe acquired 162,337 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average price of $6.10 per share, with a total value of $990,255.70. Following the acquisition, the director owned 162,337 shares in the company, valued at approximately $990,255.70. The trade was a ? increase in their position. The disclosure for this purchase can be found here. 11.85% of the stock is owned by corporate insiders.

Aurora Innovation Stock Performance

AUR opened at $5.77 on Friday. Aurora Innovation, Inc. has a one year low of $3.81 and a one year high of $10.77. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of -12.28 and a beta of 2.49. The stock’s 50 day moving average price is $5.83 and its 200-day moving average price is $6.43.

Aurora Innovation (NASDAQ:AUR) last posted its earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $0.50 million. As a group, analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AUR. The Goldman Sachs Group lifted their price target on Aurora Innovation from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Monday, May 12th. Needham & Company LLC raised their price objective on Aurora Innovation from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Finally, Canaccord Genuity Group raised their price objective on Aurora Innovation from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Aurora Innovation currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.75.

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.