Profund Advisors LLC Makes New Investment in Aurora Innovation, Inc. (NASDAQ:AUR)

Profund Advisors LLC bought a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,750 shares of the company’s stock, valued at approximately $46,000.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in Aurora Innovation by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock worth $239,092,000 after acquiring an additional 1,267,962 shares in the last quarter. Baillie Gifford & Co. grew its stake in Aurora Innovation by 78.4% in the second quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock worth $200,655,000 after purchasing an additional 31,841,994 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Aurora Innovation by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after buying an additional 2,502,002 shares during the last quarter. Primecap Management Co. CA raised its stake in Aurora Innovation by 1.0% during the second quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company’s stock valued at $28,303,000 after buying an additional 102,800 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Aurora Innovation by 273.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock worth $14,377,000 after buying an additional 3,800,901 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $5.92 on Tuesday. Aurora Innovation, Inc. has a 1 year low of $1.60 and a 1 year high of $6.79. The firm’s 50-day moving average is $4.31 and its 200-day moving average is $3.36. The company has a market cap of $9.19 billion, a P/E ratio of -10.75 and a beta of 2.78.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a report on Monday.

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.