IQ EQ FUND MANAGEMENT IRELAND Ltd Invests $397,000 in Aurora Innovation, Inc. (NASDAQ:AUR)

IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in Aurora Innovation, Inc. (NASDAQ:AUR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,948 shares of the company’s stock, valued at approximately $397,000.

Several other institutional investors also recently added to or reduced their stakes in AUR. JPMorgan Chase & Co. grew its position in shares of 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 buying an additional 394,933 shares in the last quarter. Citigroup Inc. lifted its stake in Aurora Innovation by 229.4% in the third quarter. Citigroup Inc. now owns 705,181 shares of the company’s stock worth $4,175,000 after acquiring an additional 491,125 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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. Swiss National Bank increased its position in Aurora Innovation by 22.3% during the 4th quarter. Swiss National Bank now owns 1,839,400 shares of the company’s stock valued at $11,588,000 after purchasing an additional 335,000 shares during the period. Finally, ARK Investment Management LLC raised its holdings in shares of Aurora Innovation by 14.9% in the 4th quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company’s stock valued at $15,198,000 after purchasing an additional 312,144 shares in 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 $6.68 on Friday. The stock’s fifty day moving average price is $7.28 and its 200 day moving average price is $6.58. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $10.77. The company has a market cap of $11.63 billion, a price-to-earnings ratio of -14.21 and a beta of 2.82.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. As a group, equities research analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Evercore ISI increased 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. Oppenheimer started coverage on Aurora Innovation in a research report on Thursday. They issued an “outperform” rating and a $15.00 price target for the company. 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 objective on the stock. Finally, Morgan Stanley started coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.07.

Aurora Innovation Company Profile

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.