Paragon Advisors LLC Raises Stake in Aurora Innovation, Inc. $AUR

Paragon Advisors LLC boosted its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 71.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 921,134 shares of the company’s stock after buying an additional 384,939 shares during the period. Paragon Advisors LLC’s holdings in Aurora Innovation were worth $3,537,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Danske Bank A S acquired a new stake in shares of Aurora Innovation in the third quarter worth $36,000. N.E.W. Advisory Services LLC purchased a new position in shares of Aurora Innovation in the 3rd quarter valued at $44,000. Ervin Investment Management LLC acquired a new position in shares of Aurora Innovation during the 3rd quarter valued at $54,000. Fifth Third Bancorp boosted its position in Aurora Innovation by 101.4% during the 3rd quarter. Fifth Third Bancorp now owns 9,930 shares of the company’s stock worth $54,000 after purchasing an additional 5,000 shares during the period. Finally, Integrated Advisors Network LLC purchased a new stake in Aurora Innovation during the 3rd quarter worth $54,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Aurora Innovation Trading Up 2.4%

AUR opened at $4.32 on Thursday. Aurora Innovation, Inc. has a twelve month low of $3.60 and a twelve month high of $8.25. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of -9.60 and a beta of 2.45. The company has a fifty day simple moving average of $4.45 and a 200 day simple moving average of $4.65.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, February 11th. The company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $1.47 million. On average, analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Aurora Innovation Profile

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.