Swiss National Bank Boosts Stock Position in Aurora Innovation, Inc. $AUR

Swiss National Bank increased its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,369,900 shares of the company’s stock after purchasing an additional 142,700 shares during the quarter. Swiss National Bank owned approximately 0.12% of Aurora Innovation worth $9,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Aurora Innovation by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock valued at $616,579,000 after acquiring an additional 17,818,179 shares in the last quarter. DNB Asset Management AS raised its holdings in Aurora Innovation by 93.0% in the 4th quarter. DNB Asset Management AS now owns 1,037,510 shares of the company’s stock worth $3,984,000 after purchasing an additional 499,935 shares in the last quarter. Clare Market Investments LLC bought a new position in Aurora Innovation in the 1st quarter worth $2,697,000. T. Rowe Price Investment Management Inc. raised its holdings in Aurora Innovation by 6.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock worth $1,055,269,000 after purchasing an additional 16,933,373 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Aurora Innovation by 55.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 566,105 shares of the company’s stock worth $2,174,000 after purchasing an additional 202,504 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

Shares of Aurora Innovation stock opened at $5.95 on Monday. Aurora Innovation, Inc. has a 12 month low of $3.60 and a 12 month high of $8.56. The firm has a market capitalization of $11.67 billion, a P/E ratio of -13.52 and a beta of 2.63. The business has a fifty day simple moving average of $6.53 and a two-hundred day simple moving average of $5.41.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, May 6th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.97 million. Aurora Innovation had a negative net margin of 20,775.00% and a negative return on equity of 40.45%. Aurora Innovation’s quarterly revenue was down 66.7% compared to the same quarter last year. Analysts predict that Aurora Innovation, Inc. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AUR shares. Northland Securities started coverage on shares of Aurora Innovation in a research note on Friday, May 29th. They set an “outperform” rating and a $11.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Friday, July 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $12.00 price objective on shares of Aurora Innovation in a report on Thursday. Wall Street Zen cut Aurora Innovation from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Finally, The Goldman Sachs Group upped their target price on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.22.

Insider Activity

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 shares were sold at an average price of $7.27, for a total transaction of $8,741,113.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David M. Wehner bought 82,500 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $6.04 per share, with a total value of $498,300.00. Following the purchase, the director directly owned 246,519 shares of the company’s stock, valued at approximately $1,488,974.76. This represents a 50.30% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 7,048,487 shares of company stock worth $54,295,119 in the last three months. 8.52% of the stock is currently owned by insiders.

Aurora Innovation Company 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.