Aurora Innovation (NASDAQ:AUR – Get Free Report) had its price objective hoisted by analysts at The Goldman Sachs Group from $2.00 to $2.50 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential downside of 51.74% from the company’s previous close.
AUR has been the topic of several other research reports. Evercore ISI upped their target price 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. TD Cowen boosted 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. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a research report on Monday, September 30th.
View Our Latest Research Report on AUR
Aurora Innovation Stock Performance
Insider Activity at Aurora Innovation
In other news, Director Reid Hoffman sold 1,393,874 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the sale, the director now directly owns 672,425 shares of the company’s stock, valued at approximately $3,664,716.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.83% of the stock is currently owned by corporate insiders.
Institutional Trading of Aurora Innovation
Large investors have recently made changes to their positions in the company. Baillie Gifford & Co. lifted its position in shares of 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 buying an additional 12,466,085 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Aurora Innovation by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock valued at $239,092,000 after purchasing an additional 1,267,962 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Aurora Innovation by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after purchasing an additional 2,502,002 shares in the last quarter. Primecap Management Co. CA grew its holdings in shares of Aurora Innovation by 1.0% during the 2nd quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company’s stock valued at $28,303,000 after purchasing an additional 102,800 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Aurora Innovation by 273.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock worth $14,377,000 after purchasing an additional 3,800,901 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.
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.
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