J. Goldman & Co LP Buys Shares of 1,147,013 Aurora Innovation, Inc. (NASDAQ:AUR)

J. Goldman & Co LP purchased a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,147,013 shares of the company’s stock, valued at approximately $7,226,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AUR. Barclays PLC increased its stake in Aurora Innovation by 431.9% during the third quarter. Barclays PLC now owns 1,709,749 shares of the company’s stock worth $10,122,000 after acquiring an additional 1,388,307 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Aurora Innovation by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock worth $8,172,000 after purchasing an additional 394,933 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Aurora Innovation by 7.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 172,129 shares of the company’s stock valued at $1,084,000 after buying an additional 11,870 shares during the period. Breakwater Capital Group lifted its position in Aurora Innovation by 79.9% in the fourth quarter. Breakwater Capital Group now owns 64,507 shares of the company’s stock valued at $406,000 after buying an additional 28,656 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Aurora Innovation by 441.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 108,937 shares of the company’s stock worth $686,000 after buying an additional 88,821 shares during the period. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Price Performance

AUR stock opened at $7.28 on Friday. The business’s 50-day moving average is $6.76 and its two-hundred day moving average is $6.82. The firm has a market capitalization of $12.67 billion, a P/E ratio of -15.49 and a beta of 2.76. 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 earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). On average, analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AUR. Morgan Stanley assumed coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price objective on the stock. Canaccord Genuity Group upped their price target on Aurora Innovation from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Oppenheimer assumed coverage on Aurora Innovation in a research note on Thursday, March 27th. They issued an “outperform” rating and a $15.00 price objective for the company. Needham & Company LLC increased their target price on Aurora Innovation from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday. Finally, The Goldman Sachs Group raised Aurora Innovation from a “sell” rating to a “neutral” rating and lifted their target price for the company from $3.00 to $6.00 in a research report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $10.63.

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.