Nisa Investment Advisors LLC Increases Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Nisa Investment Advisors LLC increased its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 441.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 108,937 shares of the company’s stock after acquiring an additional 88,821 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Aurora Innovation were worth $686,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Profund Advisors LLC purchased a new stake in shares of Aurora Innovation in the second quarter worth about $46,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Aurora Innovation in the 2nd quarter worth approximately $51,000. Souders Financial Advisors bought a new position in Aurora Innovation in the 3rd quarter valued at $59,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Aurora Innovation during the 3rd quarter valued at $60,000. Finally, Sigma Planning Corp bought a new position in shares of Aurora Innovation in the third quarter worth $63,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Reid Hoffman sold 1,393,874 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the completion of the sale, the director now owns 672,425 shares in the company, valued at approximately $3,664,716.25. This represents a 67.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the transaction, the director now owns 344,647 shares in the company, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock valued at $48,432,337 over the last ninety days. 13.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AUR has been the subject of several research analyst reports. Evercore ISI lifted their price objective on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Wolfe Research initiated coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating for the company. TD Cowen lifted their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Canaccord Genuity Group boosted their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group upped their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.30.

Aurora Innovation Price Performance

AUR opened at $6.76 on Wednesday. The firm has a market cap of $11.62 billion, a PE ratio of -13.80 and a beta of 2.85. The stock has a 50-day moving average price of $6.87 and a 200-day moving average price of $5.61. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $9.83.

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.