By otakuyassine3@gmail.com 
Aurora Innovation, Inc. (NASDAQ:AUR – Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $8.10 and last traded at $8.03, with a volume of 7858386 shares trading hands. The stock had previously closed at $6.97.
Analysts Set New Price Targets
Several analysts have commented on AUR shares. Evercore ISI boosted 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 report on Monday, October 14th. TD Cowen upped their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their target price on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th. Canaccord Genuity Group reiterated a “buy” rating and set a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. Finally, Wolfe Research began coverage on 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 assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.70.
Check Out Our Latest Stock Report on AUR
Aurora Innovation Price Performance
The business has a 50 day moving average price of $6.24 and a 200 day moving average price of $4.70. The firm has a market capitalization of $12.30 billion, a P/E ratio of -14.61 and a beta of 2.86.
Insiders Place Their Bets
In other news, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the transaction, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Reid Hoffman sold 1,393,874 shares of Aurora Innovation stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $5.45, for a total value of $7,596,613.30. Following the sale, the director now directly owns 672,425 shares in the company, valued at $3,664,716.25. The trade was a 67.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock valued at $48,432,337 in the last three months. Company insiders own 13.83% of the company’s stock.
Hedge Funds Weigh In On Aurora Innovation
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. raised its stake in Aurora Innovation by 78.4% during the second quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock worth $200,655,000 after acquiring an additional 31,841,994 shares in the last quarter. FMR LLC grew its holdings in shares of Aurora Innovation by 206.1% in the 3rd quarter. FMR LLC now owns 13,848,530 shares of the company’s stock worth $81,983,000 after purchasing an additional 9,325,013 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Aurora Innovation by 273.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock worth $14,377,000 after purchasing an additional 3,800,901 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Aurora Innovation by 15.5% during the 3rd quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock valued at $134,981,000 after purchasing an additional 3,064,342 shares during the last quarter. Finally, State Street Corp boosted its position in Aurora Innovation by 15.2% in the third quarter. State Street Corp now owns 22,183,252 shares of the company’s stock valued at $131,325,000 after buying an additional 2,920,653 shares in the last quarter. Institutional investors own 44.71% of the company’s stock.
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.
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