Kingsview Wealth Management LLC Sells 78,568 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Kingsview Wealth Management LLC trimmed its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 37.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,254 shares of the company’s stock after selling 78,568 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Aurora Innovation were worth $783,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Baillie Gifford & Co. increased its holdings in Aurora Innovation by 78.4% during the 2nd quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock worth $200,655,000 after purchasing an additional 31,841,994 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Aurora Innovation by 273.5% in the second quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock valued at $14,377,000 after acquiring an additional 3,800,901 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Aurora Innovation by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock worth $36,941,000 after acquiring an additional 2,502,002 shares during the period. ARK Investment Management LLC bought a new position in Aurora Innovation during the 3rd quarter worth about $12,433,000. Finally, Charles Schwab Investment Management Inc. increased 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 valued at $49,875,000 after purchasing an additional 1,776,513 shares during the period. 44.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Gloria R. Boyland sold 30,000 shares of the company’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 of the company’s stock, valued at $2,171,276.10. This represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Reid Hoffman sold 3,500,000 shares of the firm’s 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 completion of the transaction, the director now owns 382,425 shares of the company’s stock, valued at $2,133,931.50. This trade represents a 90.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,776,667 shares of company stock valued at $48,432,337. 13.83% of the stock is currently owned by corporate insiders.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $6.49 on Thursday. The business has a fifty day moving average price of $5.80 and a 200-day moving average price of $4.24. Aurora Innovation, Inc. has a 1-year low of $2.06 and a 1-year high of $7.01. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of -13.24 and a beta of 2.82.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AUR shares. The Goldman Sachs Group upped their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a report on Monday, September 30th. TD Cowen boosted their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Evercore ISI raised their price objective on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Finally, Wolfe Research started coverage on shares of Aurora Innovation in a report on Tuesday. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Aurora Innovation has an average rating of “Hold” and an average target price of $4.63.

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.