KBC Group NV Increases Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

KBC Group NV grew its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 41.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,092 shares of the company’s stock after purchasing an additional 7,595 shares during the period. KBC Group NV’s holdings in Aurora Innovation were worth $154,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AUR. Sequoia Financial Advisors LLC purchased a new position in shares of Aurora Innovation during the 2nd quarter worth $30,000. Profund Advisors LLC bought a new position in shares of Aurora Innovation in the second quarter worth about $46,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Aurora Innovation during the 2nd quarter valued at about $51,000. Diversified Portfolios Inc. purchased a new stake in Aurora Innovation in the 2nd quarter worth approximately $54,000. Finally, Nisa Investment Advisors LLC raised its stake in Aurora Innovation by 32.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock worth $54,000 after acquiring an additional 4,702 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Trading Down 3.7 %

Shares of Aurora Innovation stock opened at $6.01 on Thursday. The stock’s fifty day moving average price is $5.66 and its 200-day moving average price is $4.14. Aurora Innovation, Inc. has a 12 month low of $2.06 and a 12 month high of $7.01. The firm has a market cap of $10.33 billion, a P/E ratio of -12.24 and a beta of 2.82.

Wall Street Analyst Weigh In

AUR has been the topic of a number of research reports. Evercore ISI lifted their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Canaccord Genuity Group restated a “buy” rating and set a $7.00 price target on shares of Aurora Innovation in a report on Monday, September 30th. TD Cowen upped their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th.

Insider Transactions at Aurora Innovation

In other news, Director Reid Hoffman sold 3,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the transaction, the director now directly owns 382,425 shares in the company, valued at $2,133,931.50. The trade was a 90.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 8,746,667 shares of company stock worth $48,243,337 over the last three months. 13.83% of the stock is currently owned by insiders.

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.