HighTower Advisors LLC Increases Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

HighTower Advisors LLC increased its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 13.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 95,450 shares of the company’s stock after buying an additional 11,628 shares during the quarter. HighTower Advisors LLC’s holdings in Aurora Innovation were worth $566,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Profund Advisors LLC purchased a new stake in Aurora Innovation in the second quarter worth $46,000. Vanguard Personalized Indexing Management LLC bought a new stake in Aurora Innovation in the 2nd quarter valued at about $51,000. Nisa Investment Advisors LLC lifted its holdings in Aurora Innovation by 32.0% during the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock valued at $54,000 after purchasing an additional 4,702 shares during the last quarter. Souders Financial Advisors bought a new position in Aurora Innovation during the third quarter worth about $59,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Aurora Innovation in the third quarter worth about $60,000. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR opened at $7.19 on Friday. The firm has a fifty day moving average of $6.34 and a 200 day moving average of $4.77. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $8.44. The firm has a market capitalization of $12.36 billion, a PE ratio of -14.67 and a beta of 2.86.

Wall Street Analyst Weigh In

Several research analysts recently commented on AUR shares. Evercore ISI raised their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a research report on Monday, September 30th. TD Cowen increased their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Wolfe Research assumed coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating for the company. Finally, The Goldman Sachs Group increased their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Aurora Innovation currently has a consensus rating of “Hold” and a consensus target price of $5.70.

Insider Buying and Selling

In other news, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the sale, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Reid Hoffman sold 447,046 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $5.04, for a total value of $2,253,111.84. Following the transaction, the director now directly owns 26,892 shares of the company’s stock, valued at approximately $135,535.68. This trade represents a 94.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock valued at $48,432,337 over the last three months. 13.83% of the stock is owned by company insiders.

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.