Plancorp LLC Acquires New Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Plancorp LLC acquired a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,078 shares of the company’s stock, valued at approximately $164,000.

Several other institutional investors and hedge funds have also modified their holdings of AUR. Victory Capital Management Inc. lifted its stake in shares of Aurora Innovation by 9.9% during the third quarter. Victory Capital Management Inc. now owns 112,291 shares of the company’s stock valued at $665,000 after buying an additional 10,092 shares during the period. Swiss National Bank lifted its stake in shares of Aurora Innovation by 7.9% during the third quarter. Swiss National Bank now owns 1,504,400 shares of the company’s stock valued at $8,906,000 after buying an additional 109,500 shares during the period. Intech Investment Management LLC purchased a new position in Aurora Innovation during the third quarter worth approximately $1,071,000. Charles Schwab Investment Management Inc. raised its stake in Aurora Innovation by 26.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock worth $49,875,000 after purchasing an additional 1,776,513 shares during the period. Finally, Citigroup Inc. raised its stake in Aurora Innovation by 229.4% during the third quarter. Citigroup Inc. now owns 705,181 shares of the company’s stock worth $4,175,000 after purchasing an additional 491,125 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group increased their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. TD Cowen assumed coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a “hold” rating and a $8.00 price target on the stock. Morgan Stanley assumed coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an “overweight” rating and a $12.00 price target on the stock. Evercore ISI increased their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 18th. Finally, Wolfe Research started coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.08.

Aurora Innovation Stock Up 1.3 %

Aurora Innovation stock opened at $7.23 on Friday. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $10.77. The firm has a fifty day moving average of $7.20 and a 200-day moving average of $6.48. The firm has a market capitalization of $12.58 billion, a P/E ratio of -15.38 and a beta of 2.82.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, research analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal 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.