Financial Planning Fort Collins LLC Lowers Stock Position in Aurora Innovation, Inc. $AUR

Financial Planning Fort Collins LLC trimmed its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 52.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,280 shares of the company’s stock after selling 104,822 shares during the quarter. Aurora Innovation makes up about 0.4% of Financial Planning Fort Collins LLC’s holdings, making the stock its 22nd biggest position. Financial Planning Fort Collins LLC’s holdings in Aurora Innovation were worth $586,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Aurora Innovation by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock worth $616,579,000 after purchasing an additional 17,818,179 shares during the period. Bank of America Corp DE increased its stake in Aurora Innovation by 130.0% in the first quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock valued at $123,749,000 after purchasing an additional 16,975,927 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Aurora Innovation by 6.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock valued at $1,055,269,000 after purchasing an additional 16,933,373 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Aurora Innovation by 2,068.8% in the first quarter. Janus Henderson Group PLC now owns 11,243,080 shares of the company’s stock valued at $46,319,000 after buying an additional 10,724,682 shares during the last quarter. Finally, SC US Ttgp LTD. purchased a new stake in shares of Aurora Innovation in the fourth quarter valued at about $33,830,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Down 0.4%

NASDAQ:AUR opened at $6.95 on Wednesday. The firm’s fifty day simple moving average is $6.40 and its 200-day simple moving average is $5.58. The stock has a market cap of $13.93 billion, a PE ratio of -14.79 and a beta of 2.64. Aurora Innovation, Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $8.56.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The company had revenue of $2.00 million during the quarter, compared to analyst estimates of $1.66 million. Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The firm’s revenue for the quarter was up 100.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) EPS. Equities analysts anticipate that Aurora Innovation, Inc. will post -0.48 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on AUR. TD Cowen raised their price target on Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Northland Securities assumed coverage on Aurora Innovation in a research note on Friday, May 29th. They set an “outperform” rating and a $11.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a research report on Friday, July 17th. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 target price on shares of Aurora Innovation in a research note on Thursday, May 7th. Finally, Craig Hallum initiated coverage on Aurora Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $18.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Aurora Innovation currently has an average rating of “Hold” and a consensus price target of $12.22.

Insider Buying and Selling at Aurora Innovation

In other news, Director Reid Hoffman sold 5,498,487 shares of Aurora Innovation stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $7.81, for a total transaction of $42,943,183.47. Following the completion of the sale, the director directly owned 77,500 shares in the company, valued at approximately $605,275. This trade represents a 98.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michelangelo Volpi sold 1,854,322 shares of Aurora Innovation stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $7.05, for a total transaction of $13,072,970.10. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 9,117,292 shares of company stock valued at $68,882,054. 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.