Sumitomo Mitsui Trust Group Inc. Increases Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 57.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,796,952 shares of the company’s stock after acquiring an additional 1,753,757 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Aurora Innovation were worth $30,221,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. GPS Wealth Strategies Group LLC increased its position in shares of Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after buying an additional 4,955 shares in the last quarter. Souders Financial Advisors purchased a new stake in shares of Aurora Innovation in the third quarter valued at approximately $59,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Aurora Innovation in the third quarter valued at approximately $60,000. Sigma Planning Corp purchased a new stake in shares of Aurora Innovation in the third quarter valued at approximately $63,000. Finally, Reynders McVeigh Capital Management LLC purchased a new stake in shares of Aurora Innovation in the third quarter valued at approximately $63,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Aurora Innovation news, Director Reid Hoffman sold 537,837 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $5.48, for a total transaction of $2,947,346.76. Following the transaction, the director now owns 286,247 shares of the company’s stock, valued at approximately $1,568,633.56. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 344,647 shares in the company, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,014,883 shares of company stock valued at $5,389,459. Insiders own 13.83% of the company’s stock.

Analyst Ratings Changes

AUR has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Monday, November 4th. Cantor Fitzgerald initiated coverage on Aurora Innovation in a research note on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price target on the stock. Wolfe Research initiated coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating on the stock. TD Cowen lifted their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Canaccord Genuity Group lifted their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Aurora Innovation presently has an average rating of “Hold” and a consensus target price of $6.30.

Aurora Innovation Stock Performance

NASDAQ AUR opened at $7.00 on Wednesday. The stock’s fifty day moving average is $7.01 and its two-hundred day moving average is $5.78. The firm has a market capitalization of $12.03 billion, a P/E ratio of -14.29 and a beta of 2.85. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $9.83.

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.