Mitsubishi UFJ Asset Management Co. Ltd. Decreases Stock Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Mitsubishi UFJ Asset Management Co. Ltd. reduced its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 42.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 483,632 shares of the company’s stock after selling 351,022 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Aurora Innovation were worth $3,298,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Citigroup Inc. raised its position in Aurora Innovation by 229.4% during the 3rd quarter. Citigroup Inc. now owns 705,181 shares of the company’s stock valued at $4,175,000 after purchasing an additional 491,125 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Aurora Innovation in the third quarter worth $60,000. The Manufacturers Life Insurance Company boosted its holdings in Aurora Innovation by 7.4% in the third quarter. The Manufacturers Life Insurance Company now owns 537,776 shares of the company’s stock valued at $3,184,000 after acquiring an additional 37,241 shares in the last quarter. FMR LLC increased its position in Aurora Innovation by 206.1% during the 3rd quarter. FMR LLC now owns 13,848,530 shares of the company’s stock valued at $81,983,000 after purchasing an additional 9,325,013 shares during the period. Finally, Townsquare Capital LLC purchased a new stake in shares of Aurora Innovation in the 3rd quarter worth about $114,000. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Trading Up 0.1 %

AUR stock opened at $6.73 on Wednesday. The stock has a market capitalization of $11.71 billion, a PE ratio of -14.32 and a beta of 2.82. The stock’s 50 day simple moving average is $7.27 and its 200 day simple moving average is $6.63. Aurora Innovation, Inc. has a 12-month low of $2.10 and a 12-month 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. On average, research analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

AUR has been the topic of several research analyst reports. Canaccord Genuity Group boosted their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Morgan Stanley initiated coverage on Aurora Innovation in a research report on Monday, March 3rd. They set an “overweight” rating and a $12.00 price target on the stock. TD Cowen began coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They issued a “hold” rating and a $8.00 target price on the stock. Oppenheimer assumed coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They set an “outperform” rating and a $15.00 price target for the company. Finally, Evercore ISI upped their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aurora Innovation has an average rating of “Hold” and a consensus price target of $9.07.

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.