SG Americas Securities LLC Sells 8,883,957 Shares of Aurora Innovation, Inc. $AUR

SG Americas Securities LLC decreased its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 92.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 761,078 shares of the company’s stock after selling 8,883,957 shares during the quarter. SG Americas Securities LLC’s holdings in Aurora Innovation were worth $3,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Abel Hall LLC increased its position in Aurora Innovation by 21.0% during the fourth quarter. Abel Hall LLC now owns 13,596 shares of the company’s stock worth $52,000 after buying an additional 2,356 shares during the last quarter. World Investment Advisors lifted its position in shares of Aurora Innovation by 7.4% in the fourth quarter. World Investment Advisors now owns 34,812 shares of the company’s stock worth $134,000 after buying an additional 2,406 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Aurora Innovation by 20.1% during the 2nd quarter. Cerity Partners LLC now owns 14,686 shares of the company’s stock worth $77,000 after acquiring an additional 2,458 shares in the last quarter. Finivi Inc. increased its holdings in shares of Aurora Innovation by 2.5% during the 4th quarter. Finivi Inc. now owns 104,911 shares of the company’s stock valued at $403,000 after acquiring an additional 2,530 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Aurora Innovation by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock valued at $172,000 after acquiring an additional 2,774 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director Reid Hoffman sold 1,202,354 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $7.27, for a total value of $8,741,113.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David M. Wehner acquired 82,500 shares of Aurora Innovation stock in a transaction dated 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 completion of the acquisition, the director directly owned 246,519 shares in the company, valued at $1,488,974.76. This trade represents a 50.30% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 7,048,487 shares of company stock worth $54,295,119 in the last quarter. Corporate insiders own 8.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wall Street Zen cut Aurora Innovation from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Morgan Stanley restated an “overweight” rating and issued a $14.00 price objective on shares of Aurora Innovation in a research note on Thursday, May 7th. Craig Hallum began coverage on shares of Aurora Innovation in a research note on Friday, June 5th. They issued a “buy” rating and a $18.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 target price on shares of Aurora Innovation in a report on Thursday, May 7th. Finally, TD Cowen upped their price target on shares of Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.25.

Aurora Innovation Trading Up 3.0%

Shares of AUR stock opened at $6.82 on Wednesday. Aurora Innovation, Inc. has a 12 month low of $3.60 and a 12 month high of $8.56. The company has a market capitalization of $13.38 billion, a P/E ratio of -15.50 and a beta of 2.62. The stock has a 50 day moving average of $6.53 and a two-hundred day moving average of $5.13.

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 business had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $0.97 million. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The firm’s quarterly revenue was down 66.7% on a year-over-year basis. Sell-side analysts predict that Aurora Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.

About Aurora Innovation

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.