Aurora Innovation, Inc. (NASDAQ:AUR) Shares Purchased by KBC Group NV

KBC Group NV grew its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 41.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,034 shares of the company’s stock after acquiring an additional 10,942 shares during the period. KBC Group NV’s holdings in Aurora Innovation were worth $233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Aurora Innovation by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock worth $8,172,000 after purchasing an additional 394,933 shares in the last quarter. Citigroup Inc. grew its position in shares of Aurora Innovation by 229.4% in the 3rd quarter. Citigroup Inc. now owns 705,181 shares of the company’s stock worth $4,175,000 after acquiring an additional 491,125 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Aurora Innovation by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock valued at $49,875,000 after acquiring an additional 1,776,513 shares during the last quarter. Sterling Investment Advisors Ltd. acquired a new stake in shares of Aurora Innovation during the 3rd quarter valued at approximately $1,184,000. Finally, State Street Corp lifted its stake in Aurora Innovation by 15.2% during the third quarter. State Street Corp now owns 22,183,252 shares of the company’s stock worth $131,325,000 after purchasing an additional 2,920,653 shares during the last quarter. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Up 1.8 %

AUR stock opened at $6.91 on Wednesday. The company has a market capitalization of $11.87 billion, a P/E ratio of -14.10 and a beta of 2.85. The company has a 50-day simple moving average of $6.93 and a 200 day simple moving average of $5.69. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $9.83.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 1,181,400 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $5.60, for a total value of $6,615,840.00. Following the sale, the director now directly owns 125,000 shares in the company, valued at approximately $700,000. The trade was a 90.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the company’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 directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 3,882,793 shares of company stock valued at $21,305,724. Company insiders own 13.83% of the company’s stock.

Analyst Upgrades and Downgrades

AUR has been the subject of several recent research reports. Wolfe Research began coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating for the company. Evercore ISI raised their target price on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Cantor Fitzgerald started coverage on shares of Aurora Innovation in a research report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price target for the company. TD Cowen lifted their price objective 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 upped their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Aurora Innovation presently has a consensus rating of “Hold” and a consensus target price 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.