Swiss National Bank Acquires 109,500 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Swiss National Bank grew its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 7.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,504,400 shares of the company’s stock after purchasing an additional 109,500 shares during the quarter. Swiss National Bank’s holdings in Aurora Innovation were worth $8,906,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in shares of Aurora Innovation during the 2nd quarter worth about $30,000. Profund Advisors LLC acquired a new stake in Aurora Innovation in the 2nd quarter worth approximately $46,000. Vanguard Personalized Indexing Management LLC bought a new stake in Aurora Innovation during the second quarter worth approximately $51,000. Nisa Investment Advisors LLC grew its holdings in Aurora Innovation by 32.0% during the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock valued at $54,000 after purchasing an additional 4,702 shares during the last quarter. Finally, Diversified Portfolios Inc. bought a new position in shares of Aurora Innovation in the second quarter valued at approximately $54,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AUR. Evercore ISI boosted their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. Finally, TD Cowen boosted their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $6.49 on Monday. The business’s fifty day moving average is $5.75 and its two-hundred day moving average is $4.19. The firm has a market cap of $11.15 billion, a P/E ratio of -13.24 and a beta of 2.82. Aurora Innovation, Inc. has a 52 week low of $2.06 and a 52 week high of $7.01.

Insider Buying and Selling at Aurora Innovation

In other news, Director Reid Hoffman sold 3,500,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total value of $19,530,000.00. Following the transaction, the director now owns 382,425 shares of the company’s stock, valued at approximately $2,133,931.50. This trade represents a 90.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have sold 8,746,667 shares of company stock worth $48,243,337. Insiders own 13.83% of the company’s stock.

About Aurora Innovation

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.