Principal Financial Group Inc. Sells 22,078 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Principal Financial Group Inc. cut its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 22.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,192 shares of the company’s stock after selling 22,078 shares during the quarter. Principal Financial Group Inc.’s holdings in Aurora Innovation were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in Aurora Innovation in the 2nd quarter worth approximately $30,000. ASB Consultores LLC boosted its stake in shares of Aurora Innovation by 24.0% in 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 last quarter. Profund Advisors LLC bought a new stake in shares of Aurora Innovation in the second quarter worth $46,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Aurora Innovation during the second quarter valued at $51,000. Finally, 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 acquiring an additional 4,702 shares during the period. 44.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AUR has been the subject of several research reports. TD Cowen upped 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. Canaccord Genuity Group reaffirmed a “buy” rating and set a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. Evercore ISI lifted their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Monday, November 4th.

Insider Activity

In other news, Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total value of $19,530,000.00. Following the transaction, the director now directly owns 382,425 shares in the company, valued at approximately $2,133,931.50. This trade represents a 90.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 8,746,667 shares of company stock valued at $48,243,337. Corporate insiders own 13.83% of the company’s stock.

Aurora Innovation Trading Up 9.3 %

Shares of NASDAQ:AUR opened at $6.49 on Monday. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of -13.24 and a beta of 2.82. Aurora Innovation, Inc. has a 12 month low of $2.06 and a 12 month high of $7.01. The firm’s 50-day moving average is $5.75 and its 200 day moving average is $4.19.

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.