JPMorgan Chase & Co. Purchases 394,933 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

JPMorgan Chase & Co. lifted its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 40.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,380,479 shares of the company’s stock after purchasing an additional 394,933 shares during the quarter. JPMorgan Chase & Co. owned 0.08% of Aurora Innovation worth $8,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. acquired a new stake in Aurora Innovation during the 3rd quarter worth approximately $72,000. Virtu Financial LLC bought a new stake in shares of Aurora Innovation during the third quarter worth $337,000. Geode Capital Management LLC raised its holdings in shares of Aurora Innovation by 15.5% during the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock worth $134,981,000 after acquiring an additional 3,064,342 shares during the period. Abel Hall LLC acquired a new position in Aurora Innovation in the 3rd quarter worth $88,000. Finally, Barclays PLC increased its holdings in Aurora Innovation by 431.9% during the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company’s stock worth $10,122,000 after purchasing an additional 1,388,307 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Trading Up 2.2 %

NASDAQ:AUR opened at $6.41 on Wednesday. The firm has a fifty day simple moving average of $6.63 and a 200 day simple moving average of $5.34. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $9.83. The stock has a market capitalization of $11.02 billion, a PE ratio of -13.08 and a beta of 2.85.

Insider Activity

In related news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation 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 approximately $2,171,276.10. The trade was a 8.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Reid Hoffman sold 3,500,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the completion of the transaction, the director now directly owns 382,425 shares in the company, valued at approximately $2,133,931.50. This represents a 90.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,776,667 shares of company stock valued at $48,432,337 in the last quarter. Company insiders own 13.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on AUR shares. Wolfe Research assumed coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group raised their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. Cantor Fitzgerald started coverage on shares of Aurora Innovation in a report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 target price for the company. Evercore ISI lifted their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Finally, TD Cowen increased their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.30.

About Aurora Innovation

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.