MetLife Investment Management LLC Buys 47,757 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

MetLife Investment Management LLC increased its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 9.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 535,134 shares of the company’s stock after buying an additional 47,757 shares during the quarter. MetLife Investment Management LLC’s holdings in Aurora Innovation were worth $3,168,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Janus Henderson Group PLC grew its stake in Aurora Innovation by 45.3% in the 1st quarter. Janus Henderson Group PLC now owns 393,575 shares of the company’s stock valued at $1,112,000 after purchasing an additional 122,630 shares during the period. California State Teachers Retirement System grew its stake in Aurora Innovation by 11.6% in the 1st quarter. California State Teachers Retirement System now owns 655,322 shares of the company’s stock valued at $1,848,000 after purchasing an additional 67,921 shares during the period. Sequoia Financial Advisors LLC bought a new position in Aurora Innovation in the 2nd quarter valued at $30,000. Clear Harbor Asset Management LLC bought a new position in Aurora Innovation in the 2nd quarter valued at $244,000. Finally, Nisa Investment Advisors LLC grew its stake in Aurora Innovation by 32.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock valued at $54,000 after purchasing an additional 4,702 shares during the period. Institutional investors own 44.71% of the company’s stock.

Insider Buying and Selling

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the sale, the director now owns 344,647 shares of the company’s stock, valued at $2,171,276.10. This trade represents 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 firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $5.48, for a total value of $2,947,346.76. Following the completion of the sale, the director now directly owns 286,247 shares in the company, valued at approximately $1,568,633.56. The trade was a 65.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,776,667 shares of company stock valued at $48,432,337. Corporate insiders own 13.83% of the company’s stock.

Wall Street Analyst Weigh In

AUR has been the subject of several research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. TD Cowen increased 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. 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. The Goldman Sachs Group increased their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. Finally, Wolfe Research initiated coverage on Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.63.

Aurora Innovation Stock Performance

Shares of AUR opened at $5.92 on Wednesday. The stock’s 50-day simple moving average is $5.90 and its 200 day simple moving average is $4.36. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of -12.08 and a beta of 2.86. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $7.01.

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.