Amundi Has $10.97 Million Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Amundi boosted its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 37.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,741,232 shares of the company’s stock after acquiring an additional 470,856 shares during the quarter. Amundi’s holdings in Aurora Innovation were worth $10,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Permanent Capital Management LP acquired a new position in Aurora Innovation in the 4th quarter valued at $3,781,000. Raymond James Financial Inc. acquired a new position in Aurora Innovation in the 4th quarter valued at $702,000. Arizona State Retirement System grew its stake in Aurora Innovation by 22.2% in the 4th quarter. Arizona State Retirement System now owns 271,196 shares of the company’s stock valued at $1,709,000 after buying an additional 49,286 shares during the last quarter. Aigen Investment Management LP bought a new stake in Aurora Innovation in the 4th quarter valued at $83,000. Finally, Victory Capital Management Inc. boosted its holdings in Aurora Innovation by 7.3% in the 4th quarter. Victory Capital Management Inc. now owns 120,485 shares of the company’s stock valued at $759,000 after purchasing an additional 8,194 shares during the period. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on AUR shares. Wolfe Research started coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Evercore ISI increased their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday, February 18th. Canaccord Genuity Group increased their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley initiated coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.08.

Aurora Innovation Stock Performance

NASDAQ:AUR opened at $6.97 on Friday. The company has a 50-day moving average of $7.25 and a 200-day moving average of $6.37. The company has a market capitalization of $12.13 billion, a price-to-earnings ratio of -14.83 and a beta of 2.82. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $10.77.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Sell-side analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Aurora Innovation 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.