Jones Financial Companies Lllp Acquires 22,701 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Jones Financial Companies Lllp lifted its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 1,681.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,051 shares of the company’s stock after acquiring an additional 22,701 shares during the period. Jones Financial Companies Lllp’s holdings in Aurora Innovation were worth $152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. ARK Investment Management LLC increased its position in shares of Aurora Innovation by 14.9% during the fourth quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company’s stock worth $15,198,000 after acquiring an additional 312,144 shares in the last quarter. Sterling Investment Advisors Ltd. increased its position in shares of Aurora Innovation by 12.6% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 225,200 shares of the company’s stock worth $1,419,000 after acquiring an additional 25,200 shares in the last quarter. Winebrenner Capital Management LLC purchased a new position in Aurora Innovation during the fourth quarter worth about $70,000. Handelsbanken Fonder AB boosted its holdings in Aurora Innovation by 43.3% during the fourth quarter. Handelsbanken Fonder AB now owns 239,600 shares of the company’s stock worth $1,509,000 after purchasing an additional 72,400 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Aurora Innovation by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company’s stock worth $224,000 after purchasing an additional 1,723 shares during the last quarter. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Stock Up 11.3 %

AUR opened at $6.97 on Friday. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of -14.83 and a beta of 2.82. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $10.77. The company’s 50-day moving average price is $7.25 and its two-hundred day moving average price is $6.37.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. As a group, sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. TD Cowen assumed coverage on shares of Aurora Innovation in a report on Friday, March 7th. They set a “hold” rating and a $8.00 price target on the stock. Morgan Stanley assumed coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They set an “overweight” rating and a $12.00 price target on the stock. Wolfe Research assumed coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Finally, Canaccord Genuity Group boosted their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. One investment 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 stock presently has an average rating of “Hold” and an average price target 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.