Greylock 15 GP LLC Invests $61.60 Million in Aurora Innovation, Inc. (NASDAQ:AUR)

Greylock 15 GP LLC bought a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,096,972 shares of the company’s stock, valued at approximately $61,604,000. Aurora Innovation comprises approximately 69.6% of Greylock 15 GP LLC’s portfolio, making the stock its biggest holding. Greylock 15 GP LLC owned 0.93% of Aurora Innovation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in Aurora Innovation by 73.2% in the third quarter. Vanguard Group Inc. now owns 78,891,029 shares of the company’s stock valued at $185,394,000 after acquiring an additional 33,348,395 shares during the period. FMR LLC boosted its stake in Aurora Innovation by 823.6% in the third quarter. FMR LLC now owns 21,315,044 shares of the company’s stock valued at $50,090,000 after acquiring an additional 19,007,248 shares during the period. Baillie Gifford & Co. boosted its stake in Aurora Innovation by 125.3% in the third quarter. Baillie Gifford & Co. now owns 33,634,164 shares of the company’s stock valued at $79,040,000 after acquiring an additional 18,703,703 shares during the period. Wellington Management Group LLP boosted its stake in Aurora Innovation by 48.6% in the third quarter. Wellington Management Group LLP now owns 18,060,657 shares of the company’s stock valued at $42,443,000 after acquiring an additional 5,903,484 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Aurora Innovation by 77.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,818,639 shares of the company’s stock valued at $11,324,000 after acquiring an additional 2,107,152 shares during the period. 44.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 1,000,000 shares of Aurora Innovation stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $2.52, for a total value of $2,520,000.00. Following the completion of the transaction, the director now owns 463,563 shares in the company, valued at approximately $1,168,178.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 13.83% of the company’s stock.

Aurora Innovation Stock Performance

AUR traded up $0.09 during midday trading on Wednesday, reaching $2.87. The company’s stock had a trading volume of 5,470,469 shares, compared to its average volume of 6,839,870. The company has a fifty day simple moving average of $2.68 and a 200 day simple moving average of $2.79. Aurora Innovation, Inc. has a twelve month low of $1.30 and a twelve month high of $4.81.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, February 14th. The company reported ($0.13) earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group lowered Aurora Innovation from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $1.75 to $2.00 in a report on Wednesday, January 3rd. TD Cowen cut their price target on Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating for the company in a research note on Friday, March 15th. Finally, Canaccord Genuity Group increased their price objective on Aurora Innovation from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, March 15th.

Aurora Innovation 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.