Aurora Innovation, Inc. (NASDAQ:AUR) Stake Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 67.9% in the second quarter, Holdings Channel reports. The institutional investor owned 500,535 shares of the company’s stock after acquiring an additional 202,413 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Aurora Innovation were worth $1,386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AUR. Vanguard Group Inc. increased its stake in Aurora Innovation by 5.9% during the fourth quarter. Vanguard Group Inc. now owns 83,516,588 shares of the company’s stock valued at $364,967,000 after purchasing an additional 4,625,559 shares during the last quarter. Baillie Gifford & Co. increased its stake in Aurora Innovation by 20.7% during the first quarter. Baillie Gifford & Co. now owns 40,596,568 shares of the company’s stock valued at $114,482,000 after purchasing an additional 6,962,404 shares during the last quarter. Empowered Funds LLC increased its stake in Aurora Innovation by 44.1% during the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after purchasing an additional 5,386 shares during the last quarter. Swiss National Bank increased its stake in Aurora Innovation by 15.2% during the first quarter. Swiss National Bank now owns 1,355,500 shares of the company’s stock valued at $3,823,000 after purchasing an additional 178,900 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Aurora Innovation by 14.5% during the first quarter. ProShare Advisors LLC now owns 64,179 shares of the company’s stock valued at $181,000 after acquiring an additional 8,142 shares during the period. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Up 0.5 %

AUR stock opened at $5.75 on Friday. The company has a market capitalization of $8.93 billion, a P/E ratio of -10.45 and a beta of 2.80. The company has a 50-day simple moving average of $4.60 and a 200 day simple moving average of $3.57. Aurora Innovation, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $6.79.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a $7.00 price target on shares of Aurora Innovation in a report on Monday, September 30th.

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.