Aurora Innovation, Inc. $AUR Shares Purchased by Magnetar Financial LLC

Magnetar Financial LLC raised its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 174.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,130 shares of the company’s stock after acquiring an additional 27,392 shares during the period. Magnetar Financial LLC’s holdings in Aurora Innovation were worth $226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AUR. Vanguard Group Inc. raised its stake in shares of Aurora Innovation by 2.1% during the first quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company’s stock worth $776,155,000 after purchasing an additional 2,392,995 shares during the last quarter. Durable Capital Partners LP increased its stake in Aurora Innovation by 17.0% in the 1st quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company’s stock valued at $100,352,000 after buying an additional 2,165,114 shares during the period. Charles Schwab Investment Management Inc. raised its position in Aurora Innovation by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,721,799 shares of the company’s stock worth $58,654,000 after buying an additional 27,852 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Aurora Innovation by 54.4% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,170,556 shares of the company’s stock worth $32,334,000 after acquiring an additional 2,173,549 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Aurora Innovation by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 3,829,681 shares of the company’s stock valued at $20,068,000 after acquiring an additional 137,861 shares in the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR opened at $4.05 on Thursday. The business’s 50 day simple moving average is $4.96 and its 200-day simple moving average is $5.56. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of -9.00 and a beta of 2.44. Aurora Innovation, Inc. has a 12 month low of $3.60 and a 12 month high of $10.77.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.23 million. During the same period in the previous year, the business earned ($0.13) earnings per share. On average, equities analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Christopher Urmson purchased 258,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average price of $3.88 per share, with a total value of $1,001,040.00. Following the purchase, the chief executive officer directly owned 258,000 shares of the company’s stock, valued at $1,001,040. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brittany Bagley sold 50,000 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total transaction of $269,500.00. Following the completion of the sale, the director directly owned 398,372 shares in the company, valued at approximately $2,147,225.08. The trade was a 11.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 11.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AUR. The Goldman Sachs Group cut their price target on shares of Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Wednesday. Oppenheimer reissued an “outperform” rating and set a $15.00 target price on shares of Aurora Innovation in a research note on Wednesday, October 29th. UBS Group reissued an “underperform” rating on shares of Aurora Innovation in a report on Wednesday, October 29th. Cowen restated a “hold” rating on shares of Aurora Innovation in a research note on Thursday, October 30th. Finally, TD Cowen cut their price objective on Aurora Innovation from $7.40 to $5.50 and set a “hold” rating for the company in a research report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.06.

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.