Quantbot Technologies LP Reduces Holdings in Aurora Innovation, Inc. $AUR

Quantbot Technologies LP decreased its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 91.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,709 shares of the company’s stock after selling 629,464 shares during the period. Quantbot Technologies LP’s holdings in Aurora Innovation were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new position in Aurora Innovation during the 3rd quarter valued at about $44,000. Evolution Wealth Advisors LLC bought a new stake in Aurora Innovation in the second quarter worth about $52,000. Ervin Investment Management LLC bought a new stake in Aurora Innovation in the third quarter worth about $54,000. Fifth Third Bancorp boosted its position in shares of Aurora Innovation by 101.4% during the third quarter. Fifth Third Bancorp now owns 9,930 shares of the company’s stock valued at $54,000 after buying an additional 5,000 shares during the period. Finally, Integrated Advisors Network LLC purchased a new position in shares of Aurora Innovation during the third quarter valued at approximately $54,000. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

NASDAQ AUR opened at $4.37 on Wednesday. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.25. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of -9.71 and a beta of 2.45. The company’s 50-day simple moving average is $4.48 and its two-hundred day simple moving average is $4.76.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings results on Wednesday, February 11th. The company reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.47 million. Equities analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

AUR has been the topic of several recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a report on Monday, February 9th. The Goldman Sachs Group dropped their price objective on Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, January 21st. Finally, TD Cowen decreased their target price on Aurora Innovation from $5.50 to $4.70 and set a “hold” rating for the company in a research report on Friday, February 13th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.34.

About Aurora Innovation

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.