Xponance Inc. Grows Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Xponance Inc. raised its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 11.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 69,798 shares of the company’s stock after acquiring an additional 7,336 shares during the period. Xponance Inc.’s holdings in Aurora Innovation were worth $440,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AUR. JPMorgan Chase & Co. lifted its position in Aurora Innovation by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock valued at $8,172,000 after purchasing an additional 394,933 shares during the period. Citigroup Inc. lifted its holdings in shares of Aurora Innovation by 229.4% during the 3rd quarter. Citigroup Inc. now owns 705,181 shares of the company’s stock valued at $4,175,000 after buying an additional 491,125 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Aurora Innovation by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock worth $49,875,000 after buying an additional 1,776,513 shares during the last quarter. Swiss National Bank grew its holdings in shares of Aurora Innovation by 22.3% in the fourth quarter. Swiss National Bank now owns 1,839,400 shares of the company’s stock worth $11,588,000 after acquiring an additional 335,000 shares during the period. Finally, ARK Investment Management LLC increased its position in Aurora Innovation by 14.9% during the fourth quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company’s stock valued at $15,198,000 after acquiring an additional 312,144 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Shares of AUR stock opened at $7.12 on Thursday. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77. The company’s fifty day moving average price is $7.27 and its 200-day moving average price is $6.55. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of -15.15 and a beta of 2.82.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AUR shares. TD Cowen assumed coverage on Aurora Innovation in a research note on Friday, March 7th. They set a “hold” rating and a $8.00 price target for the company. Canaccord Genuity Group boosted their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Morgan Stanley started coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an “overweight” rating and a $12.00 price target on the stock. Finally, Evercore ISI upped their price objective on Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.