Mitsubishi UFJ Asset Management Co. Ltd. Purchases 235,939 Shares of Aurora Innovation, Inc. $AUR

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 36.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 884,994 shares of the company’s stock after purchasing an additional 235,939 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Aurora Innovation were worth $3,425,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. lifted its position in Aurora Innovation by 35.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 91,518 shares of the company’s stock worth $351,000 after purchasing an additional 23,849 shares during the period. Wolverine Asset Management LLC acquired a new position in Aurora Innovation during the fourth quarter worth about $153,000. Souders Financial Advisors raised its stake in Aurora Innovation by 43.8% during the fourth quarter. Souders Financial Advisors now owns 17,400 shares of the company’s stock worth $67,000 after acquiring an additional 5,300 shares in the last quarter. Strs Ohio raised its stake in Aurora Innovation by 11.6% during the fourth quarter. Strs Ohio now owns 27,931 shares of the company’s stock worth $107,000 after acquiring an additional 2,894 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in Aurora Innovation by 55.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 566,105 shares of the company’s stock worth $2,174,000 after acquiring an additional 202,504 shares in the last quarter. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $7.26 on Tuesday. The business has a 50 day moving average of $4.77 and a 200-day moving average of $4.53. Aurora Innovation, Inc. has a 1 year low of $3.60 and a 1 year high of $8.06. The company has a market capitalization of $14.15 billion, a P/E ratio of -16.50 and a beta of 2.58.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The company had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.97 million. The company’s quarterly revenue was down 66.7% compared to the same quarter last year. Equities analysts anticipate that Aurora Innovation, Inc. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wall Street Zen downgraded Aurora Innovation from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Morgan Stanley reissued an “overweight” rating and set a $14.00 target price on shares of Aurora Innovation in a research note on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Monday, April 20th. TD Cowen boosted their target price on Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Aurora Innovation in a research note on Monday, February 9th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.50.

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.