Xponance Inc. Boosts Stock Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Xponance Inc. boosted its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,798 shares of the company’s stock after purchasing an additional 7,336 shares during the quarter. Xponance Inc.’s holdings in Aurora Innovation were worth $440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc increased its holdings in shares of Aurora Innovation by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company’s stock worth $224,000 after purchasing an additional 1,723 shares during the last quarter. Corient Private Wealth LLC increased its stake in Aurora Innovation by 11.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,484 shares of the company’s stock worth $135,000 after acquiring an additional 2,216 shares during the last quarter. Twin Tree Management LP raised its holdings in shares of Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after acquiring an additional 3,047 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of Aurora Innovation by 14.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock valued at $188,000 after acquiring an additional 4,054 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in shares of Aurora Innovation by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 136,408 shares of the company’s stock valued at $859,000 after purchasing an additional 4,154 shares in the last quarter. Institutional investors own 44.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley began coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an “overweight” rating and a $12.00 price target on the stock. Evercore ISI increased their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday, February 18th. TD Cowen assumed coverage on Aurora Innovation in a research note on Friday, March 7th. They set a “hold” rating and a $8.00 price objective on the stock. Canaccord Genuity Group raised their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Aurora Innovation has an average rating of “Hold” and an average target price of $8.08.

Aurora Innovation Stock Performance

Shares of NASDAQ AUR opened at $7.12 on Thursday. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $10.77. The company has a market cap of $12.39 billion, a price-to-earnings ratio of -15.15 and a beta of 2.82. The business’s 50 day moving average price is $7.27 and its 200-day moving average price is $6.55.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. Sell-side analysts predict 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.