Citigroup Inc. Acquires 491,125 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Citigroup Inc. raised its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 229.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 705,181 shares of the company’s stock after acquiring an additional 491,125 shares during the period. Citigroup Inc.’s holdings in Aurora Innovation were worth $4,175,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AUR. Baillie Gifford & Co. lifted its stake in Aurora Innovation by 78.4% in the second quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock valued at $200,655,000 after buying an additional 31,841,994 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Aurora Innovation by 273.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock worth $14,377,000 after acquiring an additional 3,800,901 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Aurora Innovation by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock worth $36,941,000 after acquiring an additional 2,502,002 shares during the period. ARK Investment Management LLC acquired a new stake in Aurora Innovation during the 3rd quarter worth approximately $12,433,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Aurora Innovation by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock worth $49,875,000 after purchasing an additional 1,776,513 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Stock Performance

AUR stock opened at $5.92 on Wednesday. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $7.01. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of -12.08 and a beta of 2.86. The firm has a 50 day moving average price of $5.90 and a 200-day moving average price of $4.36.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 price target on shares of Aurora Innovation in a report on Monday, September 30th. TD Cowen upped their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Wolfe Research started coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating for the company. The Goldman Sachs Group raised their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Monday, November 4th. Finally, Evercore ISI raised their price target on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Aurora Innovation presently has a consensus rating of “Hold” and a consensus target price of $4.63.

Insider Buying and Selling

In other news, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the sale, the director now owns 344,647 shares of the company’s stock, valued at $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Reid Hoffman sold 447,046 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the sale, the director now directly owns 26,892 shares of the company’s stock, valued at approximately $135,535.68. This represents a 94.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,776,667 shares of company stock valued at $48,432,337. Company insiders own 13.83% of the company’s stock.

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.