CIBC Asset Management Inc Acquires 1,723 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

CIBC Asset Management Inc boosted its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,587 shares of the company’s stock after buying an additional 1,723 shares during the quarter. CIBC Asset Management Inc’s holdings in Aurora Innovation were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of AUR. Baillie Gifford & Co. boosted its stake in Aurora Innovation by 17.2% during the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock worth $502,636,000 after buying an additional 12,466,085 shares during the period. FMR LLC boosted its stake in shares of Aurora Innovation by 206.1% during the third quarter. FMR LLC now owns 13,848,530 shares of the company’s stock valued at $81,983,000 after purchasing an additional 9,325,013 shares during the period. Geode Capital Management LLC boosted its stake in shares of Aurora Innovation by 15.5% during the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock valued at $134,981,000 after purchasing an additional 3,064,342 shares during the period. State Street Corp boosted its stake in shares of Aurora Innovation by 15.2% during the third quarter. State Street Corp now owns 22,183,252 shares of the company’s stock valued at $131,325,000 after purchasing an additional 2,920,653 shares during the period. Finally, ARK Investment Management LLC purchased a new stake in shares of Aurora Innovation during the third quarter valued at $12,433,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Stock Up 0.1 %

AUR stock opened at $7.02 on Wednesday. The firm has a 50 day moving average of $7.25 and a 200 day moving average of $6.13. The stock has a market capitalization of $12.22 billion, a PE ratio of -14.94 and a beta of 2.85. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $10.77.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. On average, equities research analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AUR. TD Cowen boosted their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group upped their price objective 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. Evercore ISI upped their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 18th. Finally, Wolfe Research assumed coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.50.

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.