ARK Investment Management LLC Has $15.20 Million Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

ARK Investment Management LLC raised its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,412,353 shares of the company’s stock after purchasing an additional 312,144 shares during the quarter. ARK Investment Management LLC owned 0.14% of Aurora Innovation worth $15,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GPS Wealth Strategies Group LLC raised its holdings in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after acquiring an additional 4,955 shares in the last quarter. Souders Financial Advisors bought a new stake in Aurora Innovation during the third quarter worth about $59,000. Dynamic Technology Lab Private Ltd bought a new stake in Aurora Innovation during the third quarter worth about $60,000. Sigma Planning Corp bought a new stake in Aurora Innovation during the third quarter worth about $63,000. Finally, Reynders McVeigh Capital Management LLC bought a new stake in Aurora Innovation during the third quarter worth about $63,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Trading Up 0.1 %

Shares of AUR stock opened at $7.02 on Wednesday. The stock has a market cap of $12.22 billion, a P/E ratio of -14.94 and a beta of 2.85. The stock has a 50 day simple moving average of $7.25 and a 200 day simple moving average of $6.13. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. Analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AUR shares. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Canaccord Genuity Group upped their target price on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Evercore ISI upped their target price on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research report on Tuesday, February 18th. Wolfe Research initiated coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Finally, TD Cowen upped their target price on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aurora Innovation presently has a consensus rating of “Hold” and an average price target of $6.50.

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.