Rhumbline Advisers Grows Stock Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Rhumbline Advisers increased its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,385,452 shares of the company’s stock after purchasing an additional 68,674 shares during the quarter. Rhumbline Advisers owned approximately 0.08% of Aurora Innovation worth $8,728,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC lifted its stake in Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after purchasing an additional 4,955 shares in the last quarter. Souders Financial Advisors acquired a new stake in shares of Aurora Innovation in the third quarter valued at approximately $59,000. Dynamic Technology Lab Private Ltd purchased a new position in Aurora Innovation during the third quarter worth approximately $60,000. Sigma Planning Corp acquired a new position in Aurora Innovation during the third quarter worth $63,000. Finally, Reynders McVeigh Capital Management LLC purchased a new stake in Aurora Innovation in the 3rd quarter valued at $63,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AUR has been the topic of several analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. The Goldman Sachs Group lifted their target price 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. Canaccord Genuity Group increased their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Evercore ISI raised their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a report on Tuesday, February 18th. Finally, TD Cowen upped their price objective on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Aurora Innovation currently has an average rating of “Hold” and an average price target of $6.50.

Aurora Innovation Price Performance

Shares of AUR opened at $7.01 on Tuesday. The firm has a 50-day simple moving average of $7.27 and a two-hundred day simple moving average of $6.10. The stock has a market cap of $12.20 billion, a PE ratio of -14.91 and a beta of 2.85. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last posted its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. As a group, sell-side analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

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.