Sumitomo Mitsui Trust Group Inc. Boosts Position in Aurora Innovation, Inc. $AUR

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 54.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,170,556 shares of the company’s stock after buying an additional 2,173,549 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.35% of Aurora Innovation worth $32,334,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC boosted its position in shares of Aurora Innovation by 208.0% during the first quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock valued at $36,000 after purchasing an additional 3,568 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock valued at $40,000 after purchasing an additional 3,527 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Aurora Innovation by 463.3% during the second quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock valued at $40,000 after purchasing an additional 6,264 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Aurora Innovation by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock worth $52,000 after acquiring an additional 2,085 shares during the last quarter. Finally, Autumn Glory Partners LLC purchased a new stake in shares of Aurora Innovation in the second quarter worth $52,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.75.

Insider Buying and Selling

In other news, Director Brittany Bagley sold 50,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total value of $269,500.00. Following the sale, the director directly owned 398,372 shares in the company, valued at approximately $2,147,225.08. This represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John J. Donahoe purchased 162,337 shares of Aurora Innovation stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the completion of the acquisition, the director owned 162,337 shares of the company’s stock, valued at approximately $990,255.70. This trade represents a ? increase in their position. The SEC filing for this purchase provides additional information. 11.85% of the stock is currently owned by corporate insiders.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $5.20 on Wednesday. The stock has a market cap of $9.60 billion, a PE ratio of -11.06 and a beta of 2.45. Aurora Innovation, Inc. has a one year low of $4.75 and a one year high of $10.77. The stock has a fifty day moving average of $5.58 and a 200 day moving average of $5.93.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly 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 in the previous year, the company earned ($0.13) EPS. As a group, sell-side analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

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.