Aurora Innovation, Inc. (NASDAQ:AUR) Shares Purchased by Citigroup Inc.

Citigroup Inc. lifted its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 229.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 705,181 shares of the company’s stock after buying an additional 491,125 shares during the quarter. Citigroup Inc.’s holdings in Aurora Innovation were worth $4,175,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC bought a new position in shares of Aurora Innovation during the second quarter worth about $30,000. Profund Advisors LLC acquired a new position in Aurora Innovation during the second quarter valued at approximately $46,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Aurora Innovation in the second quarter valued at approximately $51,000. Diversified Portfolios Inc. acquired a new stake in Aurora Innovation during the second quarter worth $54,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Aurora Innovation by 32.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock valued at $54,000 after purchasing an additional 4,702 shares in the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AUR has been the subject of a number of recent analyst reports. Evercore ISI upped their price target 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 assumed coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. TD Cowen lifted their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. Finally, The Goldman Sachs Group lifted their target price on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.63.

Insider Activity at Aurora Innovation

In other news, Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total value of $19,530,000.00. Following the completion of the transaction, the director now owns 382,425 shares in the company, valued at approximately $2,133,931.50. The trade was a 90.15 % decrease in their position. The sale was disclosed in a document filed 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 value of $189,000.00. Following the completion of the sale, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,776,667 shares of company stock valued at $48,432,337 in the last 90 days. Corporate insiders own 13.83% of the company’s stock.

Aurora Innovation Trading Down 2.3 %

AUR opened at $5.92 on Wednesday. The stock has a market capitalization of $10.17 billion, a P/E ratio of -12.08 and a beta of 2.86. Aurora Innovation, Inc. has a 12-month low of $2.10 and a 12-month high of $7.01. The stock has a 50-day moving average price of $5.90 and a 200-day moving average price of $4.36.

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.