Principal Financial Group Inc. Sells 8,601 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Principal Financial Group Inc. decreased its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,591 shares of the company’s stock after selling 8,601 shares during the period. Principal Financial Group Inc.’s holdings in Aurora Innovation were worth $432,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in 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 valued at $502,636,000 after buying an additional 12,466,085 shares during the period. FMR LLC raised its position in 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 in the last quarter. Geode Capital Management LLC raised its position in 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 in the last quarter. State Street Corp raised its position in 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 in the last quarter. Finally, ARK Investment Management LLC purchased a new stake in Aurora Innovation during the third quarter valued at about $12,433,000. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Trading Up 2.0 %

AUR opened at $7.10 on Friday. The company has a market cap of $12.36 billion, a P/E ratio of -15.11 and a beta of 2.82. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $10.77. The business’s 50-day moving average price is $7.24 and its 200-day moving average price is $6.28.

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

Wall Street Analyst Weigh In

AUR has been the topic of a number of research reports. Morgan Stanley initiated coverage on Aurora Innovation in a research report on Monday, March 3rd. They set an “overweight” rating and a $12.00 price target on the stock. Canaccord Genuity Group raised their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Evercore ISI raised their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research report on Tuesday, February 18th. Wolfe Research began coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of Aurora Innovation in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.08.

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.