Swiss National Bank Boosts Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

Swiss National Bank boosted its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,504,400 shares of the company’s stock after acquiring an additional 109,500 shares during the quarter. Swiss National Bank owned about 0.10% of Aurora Innovation worth $8,906,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AUR. Baillie Gifford & Co. increased its position in Aurora Innovation by 78.4% during the second quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock worth $200,655,000 after buying an additional 31,841,994 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Aurora Innovation by 273.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock valued at $14,377,000 after purchasing an additional 3,800,901 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Aurora Innovation by 23.1% during the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock worth $36,941,000 after buying an additional 2,502,002 shares in the last quarter. ARK Investment Management LLC acquired a new stake in Aurora Innovation during the third quarter worth approximately $12,433,000. Finally, Vanguard Group Inc. boosted its position in Aurora Innovation by 1.5% during the first quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock worth $239,092,000 after acquiring an additional 1,267,962 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Analyst Upgrades and Downgrades

AUR has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Canaccord Genuity Group reissued a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. The Goldman Sachs Group upped their price objective 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. Finally, TD Cowen boosted their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st.

Aurora Innovation Stock Up 9.3 %

Shares of AUR opened at $6.49 on Monday. Aurora Innovation, Inc. has a 52-week low of $2.06 and a 52-week high of $7.01. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of -13.24 and a beta of 2.82. The business’s 50 day moving average is $5.75 and its two-hundred day moving average is $4.19.

Insiders Place Their Bets

In related news, Director Reid Hoffman sold 1,181,400 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $5.60, for a total value of $6,615,840.00. Following the sale, the director now owns 125,000 shares of the company’s stock, valued at $700,000. This trade represents a 90.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 8,746,667 shares of company stock valued at $48,243,337 in the last quarter. Insiders own 13.83% of the company’s stock.

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.