323,019 Shares in Aurora Innovation, Inc. $AUR Bought by Krane Funds Advisors LLC

Krane Funds Advisors LLC acquired a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 323,019 shares of the company’s stock, valued at approximately $1,240,000.

Other institutional investors have also recently made changes to their positions in the company. Danske Bank A S purchased a new position in Aurora Innovation during the third quarter worth about $36,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Aurora Innovation in the 4th quarter worth approximately $39,000. Stonebridge Financial Group LLC MO purchased a new position in shares of Aurora Innovation in the 4th quarter worth approximately $40,000. Simplify Asset Management Inc. bought a new position in shares of Aurora Innovation in the fourth quarter valued at approximately $42,000. Finally, Summit Financial Wealth Advisors LLC purchased a new stake in shares of Aurora Innovation during the fourth quarter valued at approximately $46,000. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $6.31 on Monday. The firm has a market capitalization of $12.38 billion, a P/E ratio of -14.34 and a beta of 2.62. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.56. The business has a fifty day moving average price of $5.87 and a 200-day moving average price of $4.88.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $0.97 million. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.Aurora Innovation’s revenue was down 66.7% on a year-over-year basis. Sell-side analysts expect that Aurora Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Activity at Aurora Innovation

In related news, Director Reid Hoffman sold 5,498,487 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $7.81, for a total transaction of $42,943,183.47. Following the completion of the transaction, the director owned 77,500 shares of the company’s stock, valued at approximately $605,275. The trade was a 98.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 7,048,487 shares of company stock valued at $54,295,119 in the last three months. 8.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AUR shares. Craig Hallum began coverage on Aurora Innovation in a research report on Friday. They issued a “buy” rating and a $18.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $14.00 price objective on shares of Aurora Innovation in a research report on Thursday, May 7th. TD Cowen upped their price objective on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research report on Monday, April 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 price target on shares of Aurora Innovation in a research report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.25.

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.