Toyota Motor Corp Purchases Shares of 47,348,178 Aurora Innovation, Inc. (NASDAQ:AUR)

Toyota Motor Corp purchased a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,348,178 shares of the company’s stock, valued at approximately $298,294,000. Aurora Innovation accounts for 10.1% of Toyota Motor Corp’s portfolio, making the stock its 5th largest holding. Toyota Motor Corp owned approximately 2.76% of Aurora Innovation at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AUR. Twin Tree Management LP boosted its position in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after buying an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC boosted its position in shares of Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after buying an additional 4,955 shares during the period. Grimes & Company Inc. purchased a new stake in shares of Aurora Innovation in the fourth quarter worth about $63,000. Yousif Capital Management LLC acquired a new position in shares of Aurora Innovation in the fourth quarter worth about $65,000. Finally, Avantax Advisory Services Inc. acquired a new position in shares of Aurora Innovation in the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Down 1.8%

Shares of NASDAQ AUR opened at $6.70 on Monday. The stock’s 50 day moving average price is $6.79 and its two-hundred day moving average price is $6.85. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $10.77. The stock has a market capitalization of $11.66 billion, a P/E ratio of -14.26 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). On average, analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on AUR shares. TD Cowen started coverage on Aurora Innovation in a research note on Friday, March 7th. They issued a “hold” rating and a $8.00 price target on the stock. Oppenheimer started coverage on Aurora Innovation in a research note on Thursday, March 27th. They issued an “outperform” rating and a $15.00 price target on the stock. Morgan Stanley started coverage on Aurora Innovation in a research note on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price target on the stock. Evercore ISI boosted their price target on Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 18th. Finally, Needham & Company LLC boosted their price target on Aurora Innovation from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.75.

About Aurora Innovation

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.