Nikko Asset Management Americas Inc. Raises Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Nikko Asset Management Americas Inc. raised its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 57.6% in the fourth quarter, HoldingsChannel reports. The firm owned 4,796,952 shares of the company’s stock after buying an additional 1,753,757 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in Aurora Innovation were worth $30,221,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Twin Tree Management LP lifted its stake in shares of Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after purchasing an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC raised its stake in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after buying an additional 4,955 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Aurora Innovation during the third quarter valued at $60,000. Sigma Planning Corp purchased a new position in Aurora Innovation during the third quarter valued at $63,000. Finally, Reynders McVeigh Capital Management LLC purchased a new position in Aurora Innovation during the third quarter valued at $63,000. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Shares of AUR opened at $6.97 on Monday. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77. The firm has a market capitalization of $12.13 billion, a P/E ratio of -14.83 and a beta of 2.82. The business has a fifty day moving average of $7.25 and a 200 day moving average of $6.40.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AUR shares. Canaccord Genuity Group lifted their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Wolfe Research began coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating for the company. TD Cowen began coverage on Aurora Innovation in a report on Friday, March 7th. They issued a “hold” rating and a $8.00 target price for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. Finally, Evercore ISI lifted their target price on Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.08.

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.