Harvest Fund Management Co. Ltd Takes $309,000 Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Harvest Fund Management Co. Ltd purchased a new stake in Aurora Innovation, Inc. (NASDAQ:AUR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 48,253 shares of the company’s stock, valued at approximately $309,000.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised 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 purchasing an additional 394,933 shares during the last quarter. Citigroup Inc. raised 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 purchasing an additional 491,125 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 purchasing an additional 1,776,513 shares during the last quarter. ARK Investment Management LLC raised 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 purchasing an additional 312,144 shares during the last quarter. Finally, State Street Corp raised 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 purchasing an additional 2,920,653 shares during the last quarter. 44.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on AUR. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a research report on Thursday, February 13th. Morgan Stanley started coverage on Aurora Innovation in a report on Monday, March 3rd. They set an “overweight” rating and a $12.00 price target for the company. Canaccord Genuity Group increased their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Wolfe Research started coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating for the company. Finally, Evercore ISI increased their price target on Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.08.

Aurora Innovation Price Performance

Shares of AUR opened at $7.23 on Friday. The stock has a 50-day moving average of $7.20 and a 200-day moving average of $6.46. The company has a market cap of $12.58 billion, a PE ratio of -15.38 and a beta of 2.82. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

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.