Abel Hall LLC Takes Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Abel Hall LLC acquired a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the third quarter, Holdings Channel reports. The institutional investor acquired 14,787 shares of the company’s stock, valued at approximately $88,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AUR. Barclays PLC grew its stake in shares of Aurora Innovation by 431.9% in the third quarter. Barclays PLC now owns 1,709,749 shares of the company’s stock valued at $10,122,000 after buying an additional 1,388,307 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Aurora Innovation by 173.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,381,589 shares of the company’s stock valued at $14,099,000 after acquiring an additional 1,512,061 shares during the period. State Street Corp grew its position in Aurora Innovation by 15.2% in the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company’s stock valued at $131,325,000 after acquiring an additional 2,920,653 shares in the last quarter. Reynders McVeigh Capital Management LLC acquired a new stake in shares of Aurora Innovation during the third quarter worth about $63,000. Finally, HighTower Advisors LLC lifted its position in shares of Aurora Innovation by 13.9% during the third quarter. HighTower Advisors LLC now owns 95,450 shares of the company’s stock worth $566,000 after purchasing an additional 11,628 shares in the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AUR shares. Evercore ISI upped their target price 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. The Goldman Sachs Group upped their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Wolfe Research started coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating for the company. TD Cowen upped their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 price objective on shares of Aurora Innovation in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Aurora Innovation currently has a consensus rating of “Hold” and an average price target of $4.63.

Aurora Innovation Stock Performance

Shares of AUR opened at $7.85 on Monday. The firm’s fifty day simple moving average is $5.96 and its 200-day simple moving average is $4.45. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $8.05.

Insider Buying and Selling at Aurora Innovation

In other news, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction that occurred 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 owns 344,647 shares of the company’s stock, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Reid Hoffman sold 3,500,000 shares of the 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 sale, the director now directly owns 382,425 shares of the company’s stock, valued at approximately $2,133,931.50. This represents a 90.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock worth $48,432,337 over the last ninety days. Corporate 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.