Bank of New York Mellon Corp Trims Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Bank of New York Mellon Corp decreased its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 3.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,890,153 shares of the company’s stock after selling 122,823 shares during the period. Bank of New York Mellon Corp owned 0.23% of Aurora Innovation worth $24,508,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Aurora Innovation by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock valued at $8,172,000 after buying an additional 394,933 shares during the period. Citigroup Inc. lifted its stake in shares of Aurora Innovation by 229.4% during the third quarter. Citigroup Inc. now owns 705,181 shares of the company’s stock valued at $4,175,000 after buying an additional 491,125 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Aurora Innovation by 26.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock valued at $49,875,000 after buying an additional 1,776,513 shares during the period. State Street Corp lifted 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 buying an additional 2,920,653 shares during the period. Finally, FMR LLC lifted 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 buying an additional 9,325,013 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Analysts Set New Price Targets

AUR has been the topic of a number of recent analyst reports. Canaccord Genuity Group increased their price target 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. Morgan Stanley initiated coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an “overweight” rating and a $12.00 price target on the stock. TD Cowen began coverage on shares of Aurora Innovation in a research note on Friday. They set a “hold” rating and a $8.00 price target on the stock. Evercore ISI raised their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research note on Tuesday, February 18th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.08.

Aurora Innovation Trading Up 2.0 %

AUR stock opened at $7.10 on Monday. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $10.77. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of -15.11 and a beta of 2.82. The firm’s 50-day moving average is $7.24 and its two-hundred day moving average is $6.32.

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

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.