Aurora Innovation, Inc. (NASDAQ:AUR) Stake Reduced by Primecap Management Co. CA

Primecap Management Co. CA reduced its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,197,130 shares of the company’s stock after selling 20,570 shares during the quarter. Primecap Management Co. CA’s holdings in Aurora Innovation were worth $64,242,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Aurora Innovation by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock worth $8,172,000 after buying an additional 394,933 shares during the last quarter. Citigroup Inc. grew its stake in Aurora Innovation by 229.4% during the 3rd quarter. Citigroup Inc. now owns 705,181 shares of the company’s stock worth $4,175,000 after buying an additional 491,125 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Aurora Innovation by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock worth $49,875,000 after buying an additional 1,776,513 shares during the last quarter. ARK Investment Management LLC grew its stake in Aurora Innovation by 14.9% during the 4th quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company’s stock worth $15,198,000 after buying an additional 312,144 shares during the last quarter. Finally, State Street Corp grew its stake in Aurora Innovation by 15.2% during the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company’s stock worth $131,325,000 after buying an additional 2,920,653 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AUR has been the subject of several recent analyst reports. Morgan Stanley initiated coverage on Aurora Innovation in a research note on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. Wolfe Research initiated coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating for the company. Evercore ISI increased their price target on Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 18th. Finally, Canaccord Genuity Group increased their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.08.

Aurora Innovation Stock Down 0.4 %

Shares of AUR stock opened at $6.94 on Wednesday. The stock has a 50-day simple moving average of $7.23 and a 200 day simple moving average of $6.43. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $10.77. The stock has a market capitalization of $12.08 billion, a P/E ratio of -14.77 and a beta of 2.82.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

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.