Lingotto Investment Management LLP Boosts Stake in Aurora Innovation, Inc. $AUR

Lingotto Investment Management LLP raised its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 34.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,153,945 shares of the company’s stock after acquiring an additional 2,072,366 shares during the period. Aurora Innovation makes up 0.5% of Lingotto Investment Management LLP’s portfolio, making the stock its 23rd biggest position. Lingotto Investment Management LLP owned about 0.42% of Aurora Innovation worth $31,311,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its position in shares of Aurora Innovation by 35.9% in the third quarter. Capital Research Global Investors now owns 71,298,585 shares of the company’s stock worth $384,299,000 after buying an additional 18,820,542 shares during the period. Vanguard Group Inc. boosted its position in shares of Aurora Innovation by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock worth $616,579,000 after buying an additional 17,818,179 shares during the period. SG Americas Securities LLC boosted its position in shares of Aurora Innovation by 6,824.0% in the fourth quarter. SG Americas Securities LLC now owns 9,645,035 shares of the company’s stock worth $37,037,000 after buying an additional 9,505,736 shares during the period. Norges Bank purchased a new stake in shares of Aurora Innovation in the fourth quarter worth about $32,055,000. Finally, Squarepoint Ops LLC boosted its position in shares of Aurora Innovation by 3,256.1% in the second quarter. Squarepoint Ops LLC now owns 6,753,259 shares of the company’s stock worth $35,387,000 after buying an additional 6,552,034 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 1,202,354 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $7.27, for a total transaction of $8,741,113.58. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 7,048,487 shares of company stock worth $54,295,119 in the last 90 days. Corporate insiders own 8.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AUR. Northland Securities began coverage on Aurora Innovation in a research note on Friday. They issued an “outperform” rating and a $11.00 price target on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a research note on Monday, February 9th. Wall Street Zen cut Aurora Innovation from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price target on shares of Aurora Innovation in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group boosted their price target on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.43.

Aurora Innovation Stock Up 1.8%

Shares of NASDAQ AUR opened at $7.47 on Tuesday. The stock’s 50 day moving average price is $5.66 and its two-hundred day moving average price is $4.80. Aurora Innovation, Inc. has a 52-week low of $3.60 and a 52-week high of $8.56. The stock has a market capitalization of $14.65 billion, a P/E ratio of -16.98 and a beta of 2.62.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $0.97 million. The company’s revenue was down 66.7% compared to the same quarter last year. On average, analysts anticipate that Aurora Innovation, Inc. will post -0.46 EPS for the current year.

Aurora Innovation Profile

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.