Charles Schwab Investment Management Inc. Boosts Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

Charles Schwab Investment Management Inc. grew its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,693,947 shares of the company’s stock after purchasing an additional 269,120 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.51% of Aurora Innovation worth $54,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Aurora Innovation in the 4th quarter valued at about $237,000. Jones Financial Companies Lllp increased its stake in shares of Aurora Innovation by 1,681.6% during the fourth quarter. Jones Financial Companies Lllp now owns 24,051 shares of the company’s stock valued at $152,000 after acquiring an additional 22,701 shares during the period. ARK Investment Management LLC grew its position in Aurora Innovation by 14.9% in the fourth quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company’s stock worth $15,198,000 after buying an additional 312,144 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its stake in Aurora Innovation by 12.6% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 225,200 shares of the company’s stock worth $1,419,000 after purchasing an additional 25,200 shares during the period. Finally, Winebrenner Capital Management LLC acquired a new stake in shares of Aurora Innovation during the 4th quarter valued at $70,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Morgan Stanley started coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 target price on the stock. Wolfe Research began coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating on the stock. Evercore ISI increased their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday, February 18th. Canaccord Genuity Group raised their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, TD Cowen started coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They issued a “hold” rating and a $8.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.08.

Aurora Innovation Trading Up 0.2 %

AUR opened at $6.26 on Friday. The company’s fifty day moving average price is $7.24 and its two-hundred day moving average price is $6.35. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $10.77. The company has a market cap of $10.90 billion, a price-to-earnings ratio of -13.32 and a beta of 2.82.

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

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.