8,347,714 Shares in Aurora Innovation, Inc. $AUR Purchased by Norges Bank

Norges Bank acquired a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,347,714 shares of the company’s stock, valued at approximately $32,055,000. Norges Bank owned approximately 0.43% of Aurora Innovation at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AUR. Vanguard Group Inc. grew its holdings in shares of Aurora Innovation by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock worth $616,579,000 after purchasing an additional 17,818,179 shares in the last quarter. DNB Asset Management AS grew its holdings in shares of Aurora Innovation by 93.0% during the fourth quarter. DNB Asset Management AS now owns 1,037,510 shares of the company’s stock worth $3,984,000 after purchasing an additional 499,935 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Aurora Innovation by 6,824.0% during the 4th quarter. SG Americas Securities LLC now owns 9,645,035 shares of the company’s stock valued at $37,037,000 after buying an additional 9,505,736 shares in the last quarter. Liontrust Investment Partners LLP purchased a new stake in shares of Aurora Innovation during the 3rd quarter valued at $3,731,000. Finally, ARK Investment Management LLC raised its position in shares of Aurora Innovation by 73.6% during the 3rd quarter. ARK Investment Management LLC now owns 4,743,215 shares of the company’s stock valued at $25,566,000 after buying an additional 2,011,015 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AUR. TD Cowen upped their price objective on Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Northland Securities began coverage on Aurora Innovation in a report on Friday, May 29th. They issued an “outperform” rating and a $11.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a report on Monday, April 20th. The Goldman Sachs Group upped their price objective on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, Wall Street Zen downgraded shares of Aurora Innovation from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Aurora Innovation presently has an average rating of “Hold” and an average price target of $12.25.

Insider Buying and Selling

In other Aurora Innovation news, Director Reid Hoffman sold 1,202,354 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $7.27, for a total transaction of $8,741,113.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 7,048,487 shares of company stock valued at $54,295,119 over the last 90 days. Insiders own 8.52% of the company’s stock.

Aurora Innovation Stock Down 1.6%

Shares of AUR opened at $6.16 on Wednesday. Aurora Innovation, Inc. has a twelve month low of $3.60 and a twelve month high of $8.56. The stock has a market capitalization of $12.08 billion, a P/E ratio of -14.00 and a beta of 2.62. The firm has a fifty day simple moving average of $5.95 and a two-hundred day simple moving average of $4.91.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Wednesday, May 6th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. Aurora Innovation had a negative net margin of 20,775.00% and a negative return on equity of 40.45%. The firm had revenue of $1.00 million for the quarter, compared to analyst estimates of $0.97 million. The business’s revenue was down 66.7% compared to the same quarter last year. Sell-side analysts expect that Aurora Innovation, Inc. will post -0.47 EPS for the current fiscal year.

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.