Principal Financial Group Inc. Buys 58,477 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Principal Financial Group Inc. raised its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 143.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,270 shares of the company’s stock after buying an additional 58,477 shares during the period. Principal Financial Group Inc.’s holdings in Aurora Innovation were worth $275,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Baillie Gifford & Co. boosted its holdings in shares of Aurora Innovation by 78.4% in the second quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock valued at $200,655,000 after purchasing an additional 31,841,994 shares during the period. Vanguard Group Inc. increased its position in shares of Aurora Innovation by 5.9% in the 4th quarter. Vanguard Group Inc. now owns 83,516,588 shares of the company’s stock valued at $364,967,000 after acquiring an additional 4,625,559 shares during the period. Foxhaven Asset Management LP acquired a new position in shares of Aurora Innovation in the 4th quarter valued at $19,123,000. Cadian Capital Management LP purchased a new stake in Aurora Innovation in the fourth quarter valued at $17,914,000. Finally, Bank of New York Mellon Corp boosted its holdings in Aurora Innovation by 273.5% in the second quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock valued at $14,377,000 after purchasing an additional 3,800,901 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Up 4.6 %

AUR stock opened at $5.05 on Friday. The company’s 50-day simple moving average is $4.00 and its 200-day simple moving average is $3.13. Aurora Innovation, Inc. has a 52-week low of $1.60 and a 52-week high of $5.24. The firm has a market cap of $7.92 billion, a P/E ratio of -9.18 and a beta of 2.78.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01.

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.