SG Americas Securities LLC Lowers Position in Aurora Innovation, Inc. (NASDAQ:AUR)

SG Americas Securities LLC cut its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 62.2% in the fourth quarter, Holdings Channel reports. The fund owned 64,732 shares of the company’s stock after selling 106,625 shares during the quarter. SG Americas Securities LLC’s holdings in Aurora Innovation were worth $408,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Amalgamated Bank lifted its position in shares of Aurora Innovation by 10.0% during the third quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock valued at $189,000 after buying an additional 2,913 shares during the last quarter. ASB Consultores LLC lifted its position in shares of Aurora Innovation by 24.0% during the third quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock valued at $94,000 after buying an additional 3,088 shares during the last quarter. Glenmede Trust Co. NA lifted its position in shares of Aurora Innovation by 14.6% during the third quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock valued at $188,000 after buying an additional 4,054 shares during the last quarter. KBC Group NV lifted its position in shares of Aurora Innovation by 41.1% during the third quarter. KBC Group NV now owns 26,092 shares of the company’s stock valued at $154,000 after buying an additional 7,595 shares during the last quarter. Finally, Souders Financial Advisors purchased a new stake in shares of Aurora Innovation during the third quarter valued at about $59,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on AUR shares. Evercore ISI increased their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. TD Cowen upped their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their price objective 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. Wolfe Research started coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Finally, Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. One 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’s stock. According to data from MarketBeat.com, Aurora Innovation has an average rating of “Hold” and an average target price of $6.30.

Aurora Innovation Trading Down 0.1 %

Shares of NASDAQ:AUR opened at $6.80 on Monday. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $9.83. The company’s 50 day moving average is $6.91 and its 200 day moving average is $5.65. The company has a market cap of $11.69 billion, a PE ratio of -13.88 and a beta of 2.85.

Insider Buying and Selling

In other news, Director Reid Hoffman sold 3,500,000 shares of the 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 owns 382,425 shares in the company, valued at $2,133,931.50. This trade represents a 90.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value 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. The trade was a 8.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,382,793 shares of company stock worth $40,835,724. 13.83% of the stock is owned by company insiders.

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.