Aurora Innovation, Inc. (NASDAQ:AUR) Shares Acquired by Algert Global LLC

Algert Global LLC increased its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 72.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 265,921 shares of the company’s stock after acquiring an additional 112,131 shares during the quarter. Algert Global LLC’s holdings in Aurora Innovation were worth $737,000 as of its most recent filing with the Securities and Exchange Commission.

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

Aurora Innovation Stock Up 6.9 %

Shares of NASDAQ AUR opened at $5.55 on Friday. The business has a 50-day moving average of $4.44 and a two-hundred day moving average of $3.46. Aurora Innovation, Inc. has a 1 year low of $1.60 and a 1 year high of $6.79.

Aurora Innovation (NASDAQ:AUR) last posted its earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.01.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $7.00 price objective on shares of Aurora Innovation in a report on Monday, September 30th.

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.