Geode Capital Management LLC Has $134.98 Million Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Geode Capital Management LLC lifted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 15.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,796,526 shares of the company’s stock after purchasing an additional 3,064,342 shares during the period. Geode Capital Management LLC owned approximately 1.33% of Aurora Innovation worth $134,981,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Amalgamated Bank raised its holdings in Aurora Innovation by 10.0% during the 3rd quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock worth $189,000 after purchasing an additional 2,913 shares during the last quarter. ASB Consultores LLC grew its position in shares of Aurora Innovation by 24.0% during the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock worth $94,000 after buying an additional 3,088 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Aurora Innovation by 14.6% during the third quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock worth $188,000 after buying an additional 4,054 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Aurora Innovation by 32.0% in the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock valued at $54,000 after buying an additional 4,702 shares during the period. Finally, KBC Group NV grew its holdings in Aurora Innovation by 41.1% during the 3rd quarter. KBC Group NV now owns 26,092 shares of the company’s stock worth $154,000 after acquiring an additional 7,595 shares during the period. 44.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AUR. Evercore ISI raised their price target on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Wolfe Research began coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. TD Cowen increased their price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Cantor Fitzgerald assumed coverage on shares of Aurora Innovation in a research note on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price objective on the stock. Finally, The Goldman Sachs Group upped their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Aurora Innovation currently has a consensus rating of “Hold” and an average price target of $5.70.

Insider Transactions at Aurora Innovation

In related news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the sale, the director now owns 344,647 shares of the company’s stock, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reid Hoffman sold 3,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total value of $19,530,000.00. Following the completion of the sale, the director now owns 382,425 shares in the company, valued at $2,133,931.50. The trade was a 90.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,776,667 shares of company stock valued at $48,432,337 over the last quarter. Corporate insiders own 13.83% of the company’s stock.

Aurora Innovation Stock Performance

NASDAQ AUR opened at $7.99 on Tuesday. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $8.14. The business has a 50 day simple moving average of $6.14 and a 200 day simple moving average of $4.62. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of -16.31 and a beta of 2.86.

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.