State Street Corp Purchases 2,920,653 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

State Street Corp lifted its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 15.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,183,252 shares of the company’s stock after buying an additional 2,920,653 shares during the quarter. State Street Corp owned about 1.29% of Aurora Innovation worth $131,325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Amalgamated Bank grew its holdings in Aurora Innovation by 10.0% during the 3rd quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock worth $189,000 after acquiring an additional 2,913 shares during the period. ASB Consultores LLC boosted its holdings in Aurora Innovation by 24.0% during the third quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock worth $94,000 after buying an additional 3,088 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Aurora Innovation by 14.6% in 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. Nisa Investment Advisors LLC raised its position 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 acquiring an additional 4,702 shares during the period. Finally, KBC Group NV grew its holdings in 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 purchasing an additional 7,595 shares during the period. 44.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AUR shares. 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. The Goldman Sachs Group lifted their target price on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Monday, November 4th. Evercore ISI increased their price target on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Wolfe Research started coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Finally, Cantor Fitzgerald began coverage on Aurora Innovation in a research note on Tuesday, December 10th. They set an “overweight” rating and a $10.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Aurora Innovation has a consensus rating of “Hold” and an average target price of $5.70.

Aurora Innovation Price Performance

AUR stock opened at $6.97 on Friday. The stock has a market capitalization of $11.98 billion, a P/E ratio of -14.22 and a beta of 2.86. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $8.05. The business has a 50-day moving average of $6.14 and a 200-day moving average of $4.60.

Insiders Place Their Bets

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the sale, the director now directly owns 344,647 shares of the company’s stock, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Reid Hoffman sold 3,500,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were 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 of the company’s stock, valued at $2,133,931.50. The trade was a 90.15 % decrease in their position. 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 quarter. 13.83% of the stock is currently owned by 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.