Primecap Management Co. CA Decreases Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

Primecap Management Co. CA lowered its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 0.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,197,130 shares of the company’s stock after selling 20,570 shares during the quarter. Primecap Management Co. CA owned about 0.59% of Aurora Innovation worth $64,242,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Aurora Innovation by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock worth $8,172,000 after acquiring an additional 394,933 shares in the last quarter. Citigroup Inc. lifted its position in Aurora Innovation by 229.4% during the 3rd quarter. Citigroup Inc. now owns 705,181 shares of the company’s stock worth $4,175,000 after acquiring an additional 491,125 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Aurora Innovation by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock worth $49,875,000 after acquiring an additional 1,776,513 shares in the last quarter. ARK Investment Management LLC lifted its position in Aurora Innovation by 14.9% during the 4th quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company’s stock worth $15,198,000 after acquiring an additional 312,144 shares in the last quarter. Finally, State Street Corp lifted its position in Aurora Innovation by 15.2% during the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company’s stock worth $131,325,000 after acquiring an additional 2,920,653 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Trading Down 0.4 %

AUR stock opened at $6.94 on Wednesday. The firm has a market cap of $12.08 billion, a P/E ratio of -14.77 and a beta of 2.82. Aurora Innovation, Inc. has a 12-month low of $2.10 and a 12-month high of $10.77. The stock’s 50 day simple moving average is $7.23 and its 200 day simple moving average is $6.43.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. On average, research analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AUR has been the topic of several recent research reports. TD Cowen initiated coverage on Aurora Innovation in a research report on Friday, March 7th. They set a “hold” rating and a $8.00 price target on the stock. Wolfe Research initiated coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Canaccord Genuity Group upped their target price on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Evercore ISI upped their target price on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley initiated coverage on Aurora Innovation in a research report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Aurora Innovation currently has a consensus rating of “Hold” and an average price target of $8.08.

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.