Glenmede Trust Co. NA Increases Stock Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Glenmede Trust Co. NA boosted its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 14.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,779 shares of the company’s stock after purchasing an additional 4,054 shares during the quarter. Glenmede Trust Co. NA’s holdings in Aurora Innovation were worth $188,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Baillie Gifford & Co. raised its position in shares of Aurora Innovation by 17.2% during the 3rd quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock valued at $502,636,000 after buying an additional 12,466,085 shares in the last quarter. FMR LLC raised its position in shares of Aurora Innovation by 206.1% during the 3rd quarter. FMR LLC now owns 13,848,530 shares of the company’s stock valued at $81,983,000 after buying an additional 9,325,013 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Aurora Innovation by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after buying an additional 2,502,002 shares in the last quarter. Primecap Management Co. CA raised its position in Aurora Innovation by 1.0% in the 2nd quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company’s stock worth $28,303,000 after purchasing an additional 102,800 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Aurora Innovation by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock worth $49,875,000 after purchasing an additional 1,776,513 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Insider Activity

In other news, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the transaction, the director now directly owns 344,647 shares in the company, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reid Hoffman sold 3,500,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the sale, the director now directly 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. Over the last ninety days, insiders have sold 8,776,667 shares of company stock worth $48,432,337. Corporate insiders own 13.83% of the company’s stock.

Aurora Innovation Price Performance

Shares of AUR stock opened at $7.85 on Friday. The company’s 50-day simple moving average is $5.96 and its two-hundred day simple moving average is $4.42. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $8.05. The company has a market capitalization of $13.49 billion, a P/E ratio of -16.02 and a beta of 2.86.

Wall Street Analysts Forecast Growth

AUR has been the topic of a number of recent analyst reports. TD Cowen increased their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Evercore ISI upped their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Canaccord Genuity Group restated a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a research note on Monday, September 30th. Finally, Wolfe Research assumed coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Aurora Innovation presently has an average rating of “Hold” and a consensus price target of $4.63.

Aurora Innovation Company 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.