Dynamic Technology Lab Private Ltd Makes New $60,000 Investment in Aurora Innovation, Inc. (NASDAQ:AUR)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,125 shares of the company’s stock, valued at approximately $60,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its holdings in Aurora Innovation by 17.2% during the 3rd quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock worth $502,636,000 after purchasing an additional 12,466,085 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Aurora Innovation by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock worth $36,941,000 after purchasing an additional 2,502,002 shares during the last quarter. Primecap Management Co. CA increased its stake in shares of Aurora Innovation by 1.0% in the 2nd quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company’s stock valued at $28,303,000 after acquiring an additional 102,800 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Aurora Innovation by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock valued at $49,875,000 after acquiring an additional 1,776,513 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Aurora Innovation by 273.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock valued at $14,377,000 after acquiring an additional 3,800,901 shares during the last quarter. 44.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TD Cowen upped their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Wolfe Research assumed coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Monday, November 4th. Finally, Evercore ISI boosted their price objective on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Aurora Innovation presently has an average rating of “Hold” and an average price target of $4.63.

Aurora Innovation Stock Performance

Shares of AUR opened at $5.92 on Wednesday. The stock has a 50 day simple moving average of $5.90 and a 200 day simple moving average of $4.36. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $7.01. The firm has a market capitalization of $10.17 billion, a PE ratio of -12.08 and a beta of 2.86.

Insiders Place Their Bets

In other news, Director Reid Hoffman sold 3,500,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total value of $19,530,000.00. Following the completion of the sale, the director now owns 382,425 shares of the company’s stock, valued at approximately $2,133,931.50. This represents a 90.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the sale, the director now directly owns 344,647 shares of the company’s stock, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,776,667 shares of company stock valued at $48,432,337 in the last quarter. 13.83% of the stock is currently owned by insiders.

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.