Aurora Innovation, Inc. (NASDAQ:AUR) Shares Sold by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC trimmed its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 69.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,602 shares of the company’s stock after selling 425,004 shares during the period. HITE Hedge Asset Management LLC’s holdings in Aurora Innovation were worth $1,081,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Baillie Gifford & Co. grew its position in Aurora Innovation by 78.4% in 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 during the last quarter. FMR LLC lifted its holdings in Aurora Innovation by 206.1% in the third quarter. FMR LLC now owns 13,848,530 shares of the company’s stock valued at $81,983,000 after buying an additional 9,325,013 shares during the period. Bank of New York Mellon Corp increased its position in shares of Aurora Innovation by 273.5% during the second quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock worth $14,377,000 after acquiring an additional 3,800,901 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Aurora Innovation by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after acquiring an additional 2,502,002 shares during the period. Finally, ARK Investment Management LLC acquired a new stake in Aurora Innovation in the 3rd quarter worth about $12,433,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR opened at $6.06 on Tuesday. The firm has a market capitalization of $10.41 billion, a PE ratio of -12.37 and a beta of 2.86. The firm has a fifty day moving average of $5.91 and a 200 day moving average of $4.33. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $7.01.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. Wolfe Research assumed coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating for the company. The Goldman Sachs Group lifted their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Monday, November 4th. Evercore ISI boosted their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Finally, TD Cowen raised their price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.63.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the transaction, the director now owns 344,647 shares in the company, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Reid Hoffman sold 537,837 shares of the company’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 directly owns 286,247 shares in the company, valued at approximately $1,568,633.56. This trade represents a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,776,667 shares of company stock worth $48,432,337. Insiders own 13.83% of the company’s stock.

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.