Nisa Investment Advisors LLC Has $686,000 Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Nisa Investment Advisors LLC boosted its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 441.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,937 shares of the company’s stock after buying an additional 88,821 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Aurora Innovation were worth $686,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Amalgamated Bank raised its stake in shares of Aurora Innovation by 10.0% during the third quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock valued at $189,000 after acquiring an additional 2,913 shares during the last quarter. ASB Consultores LLC increased its holdings in Aurora Innovation by 24.0% in the third quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock valued at $94,000 after purchasing an additional 3,088 shares during the period. Glenmede Trust Co. NA raised its position in Aurora Innovation by 14.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock worth $188,000 after purchasing an additional 4,054 shares during the last quarter. KBC Group NV lifted its holdings in Aurora Innovation by 41.1% during the 3rd quarter. KBC Group NV now owns 26,092 shares of the company’s stock worth $154,000 after buying an additional 7,595 shares during the period. Finally, Souders Financial Advisors bought a new stake in shares of Aurora Innovation in the 3rd quarter valued at about $59,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Trading Up 5.8 %

NASDAQ:AUR opened at $6.76 on Wednesday. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $9.83. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of -13.80 and a beta of 2.85. The firm has a fifty day simple moving average of $6.87 and a two-hundred day simple moving average of $5.61.

Wall Street Analyst Weigh In

AUR has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. Evercore ISI increased their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Wolfe Research assumed coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating for the company. TD Cowen upped their price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, Canaccord Genuity Group lifted their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Aurora Innovation currently has an average rating of “Hold” and a consensus target price of $6.30.

Insider Activity

In related news, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the sale, the director now directly owns 344,647 shares of the company’s stock, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Reid Hoffman sold 1,393,874 shares of Aurora Innovation stock in a transaction on Monday, November 4th. The stock was sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the transaction, the director now directly owns 672,425 shares in the company, valued at $3,664,716.25. This represents a 67.46 % 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 worth $48,432,337 in the last three months. 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.