Sumitomo Mitsui Trust Holdings Inc. Sells 321,991 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 9.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,265,531 shares of the company’s stock after selling 321,991 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Aurora Innovation were worth $9,209,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AUR. Parallel Advisors LLC raised its position in shares of Aurora Innovation by 91.9% during the fourth quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock valued at $31,000 after buying an additional 3,400 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Aurora Innovation during the fourth quarter valued at about $41,000. ASB Consultores LLC acquired a new position in shares of Aurora Innovation during the third quarter valued at about $44,000. Blueshift Asset Management LLC acquired a new position in shares of Aurora Innovation during the fourth quarter valued at about $53,000. Finally, Industry Ventures L.L.C. acquired a new position in shares of Aurora Innovation during the fourth quarter valued at about $69,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

Insider Transactions at Aurora Innovation

In other news, Director Reid Hoffman sold 338,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $3.19, for a total transaction of $1,078,220.00. Following the completion of the sale, the director now owns 442,663 shares of the company’s stock, valued at $1,412,094.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 13.83% of the company’s stock.

Aurora Innovation Trading Down 1.0 %

NASDAQ AUR opened at $2.91 on Thursday. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of -5.29 and a beta of 2.75. The company has a 50 day moving average of $2.68 and a 200-day moving average of $2.89. Aurora Innovation, Inc. has a 1-year low of $1.60 and a 1-year high of $4.81.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.11) earnings per share for the quarter.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AUR. Canaccord Genuity Group increased their price target on shares of Aurora Innovation from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. TD Cowen dropped their price target on shares of Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating for the company in a research report on Friday, March 15th.

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.