Nomura Asset Management Co. Ltd. Has $787,000 Stock Position in Aurora Innovation, Inc. $AUR

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 177.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,818 shares of the company’s stock after buying an additional 130,864 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Aurora Innovation were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Danske Bank A S acquired a new position in Aurora Innovation during the third quarter valued at $36,000. Fifth Third Bancorp raised its position in Aurora Innovation by 101.4% during the third quarter. Fifth Third Bancorp now owns 9,930 shares of the company’s stock valued at $54,000 after buying an additional 5,000 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in Aurora Innovation during the fourth quarter valued at $39,000. Integrated Advisors Network LLC acquired a new position in Aurora Innovation during the third quarter valued at $54,000. Finally, Kestra Private Wealth Services LLC acquired a new position in Aurora Innovation during the third quarter valued at $55,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Price Performance

Shares of AUR stock opened at $6.31 on Friday. Aurora Innovation, Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $8.56. The stock’s 50-day moving average is $5.87 and its two-hundred day moving average is $4.87. The firm has a market cap of $12.38 billion, a P/E ratio of -14.34 and a beta of 2.62.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, May 6th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $0.97 million. Aurora Innovation’s revenue was down 66.7% on a year-over-year basis. As a group, research analysts expect that Aurora Innovation, Inc. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on AUR. Morgan Stanley reissued an “overweight” rating and set a $14.00 price target on shares of Aurora Innovation in a research report on Thursday, May 7th. The Goldman Sachs Group upped their price target on Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Wall Street Zen lowered Aurora Innovation from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a research report on Monday, April 20th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.25.

Insider Activity at Aurora Innovation

In other news, Director Reid Hoffman sold 5,498,487 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $7.81, for a total transaction of $42,943,183.47. Following the transaction, the director owned 77,500 shares of the company’s stock, valued at approximately $605,275. This represents a 98.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 7,048,487 shares of company stock worth $54,295,119. Corporate insiders own 8.52% of the company’s stock.

About Aurora Innovation

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.