Aurora Innovation, Inc. (NASDAQ:AUR) Shares Bought by KBC Group NV

KBC Group NV lifted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 41.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,034 shares of the company’s stock after purchasing an additional 10,942 shares during the period. KBC Group NV’s holdings in Aurora Innovation were worth $233,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Souders Financial Advisors acquired a new stake in Aurora Innovation during the 3rd quarter valued at $59,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Aurora Innovation during the third quarter valued at $60,000. Sigma Planning Corp acquired a new position in Aurora Innovation during the third quarter valued at $63,000. Reynders McVeigh Capital Management LLC purchased a new stake in Aurora Innovation in the 3rd quarter worth about $63,000. Finally, Grimes & Company Inc. acquired a new stake in Aurora Innovation during the 4th quarter worth about $63,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Stock Performance

AUR opened at $6.91 on Wednesday. The firm has a market cap of $11.87 billion, a P/E ratio of -14.10 and a beta of 2.85. The business has a 50 day moving average price of $6.93 and a 200 day moving average price of $5.69. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $9.83.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AUR. Cantor Fitzgerald started coverage on Aurora Innovation in a report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 target price on the stock. Wolfe Research initiated coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. Evercore ISI upped their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Finally, TD Cowen lifted their price objective on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Aurora Innovation currently has an average rating of “Hold” and an average target price of $6.30.

Insider Activity

In other news, Director Reid Hoffman sold 537,837 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $5.48, for a total transaction of $2,947,346.76. Following the transaction, the director now owns 286,247 shares in the company, valued at approximately $1,568,633.56. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a document filed 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 dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the sale, the director now 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 have sold a total of 3,882,793 shares of company stock valued at $21,305,724 over the last 90 days. 13.83% of the stock is currently owned by company 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.