Aurora Innovation (NASDAQ:AUR) Trading Up 8%

Aurora Innovation, Inc. (NASDAQ:AUR)’s share price was up 8% on Thursday . The stock traded as high as $5.14 and last traded at $5.12. Approximately 4,167,083 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 8,509,632 shares. The stock had previously closed at $4.74.

Aurora Innovation Stock Performance

The stock has a market capitalization of $7.76 billion, a P/E ratio of -9.09 and a beta of 2.78. The company’s fifty day simple moving average is $4.17 and its two-hundred day simple moving average is $3.22.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.01.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC increased its holdings 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 worth $31,000 after purchasing an additional 3,400 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Aurora Innovation by 32.0% during the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock worth $54,000 after purchasing an additional 4,702 shares during the period. Empowered Funds LLC increased its holdings in shares of Aurora Innovation by 44.1% during the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock worth $50,000 after purchasing an additional 5,386 shares during the period. Victory Capital Management Inc. boosted its position in shares of Aurora Innovation by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 102,199 shares of the company’s stock worth $283,000 after acquiring an additional 7,624 shares in the last quarter. Finally, American International Group Inc. boosted its position in shares of Aurora Innovation by 4.6% during the 1st quarter. American International Group Inc. now owns 176,045 shares of the company’s stock worth $496,000 after acquiring an additional 7,773 shares in the last quarter. 44.71% of the stock is owned by institutional investors.

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.