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

The Manufacturers Life Insurance Company grew its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 7.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 537,776 shares of the company’s stock after buying an additional 37,241 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Aurora Innovation were worth $3,184,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AUR. Baillie Gifford & Co. lifted its stake in Aurora Innovation by 78.4% in the second quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock worth $200,655,000 after acquiring an additional 31,841,994 shares during the last quarter. Bank of New York Mellon Corp raised its holdings 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 purchasing an additional 3,800,901 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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. ARK Investment Management LLC acquired a new position in shares of Aurora Innovation during the third quarter worth $12,433,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Aurora Innovation by 26.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock valued at $49,875,000 after buying an additional 1,776,513 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Up 13.4 %

AUR opened at $7.85 on Friday. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $8.05. The business’s 50 day moving average is $5.96 and its two-hundred day moving average is $4.44. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of -16.02 and a beta of 2.86.

Analysts Set New Price Targets

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

Insider Transactions at Aurora Innovation

In related news, Director Reid Hoffman sold 447,046 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $5.04, for a total value of $2,253,111.84. Following the transaction, the director now owns 26,892 shares in the company, valued at $135,535.68. The trade was a 94.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the sale, the director now directly owns 344,647 shares of the company’s stock, valued at $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,776,667 shares of company stock worth $48,432,337. Insiders own 13.83% of the company’s stock.

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.