Aurora Innovation, Inc. (NASDAQ:AUR) Stock Position Lowered by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,354,580 shares of the company’s stock after selling 59,081 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of Aurora Innovation worth $8,019,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AUR. Amalgamated Bank increased its holdings in shares of Aurora Innovation by 10.0% in the third quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock valued at $189,000 after buying an additional 2,913 shares in the last quarter. ASB Consultores LLC grew its holdings in shares of Aurora Innovation by 24.0% in the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock worth $94,000 after acquiring an additional 3,088 shares during the last quarter. Glenmede Trust Co. NA raised its position in shares of Aurora Innovation by 14.6% during the third quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock worth $188,000 after purchasing an additional 4,054 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of 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, KBC Group NV boosted its position in shares of Aurora Innovation by 41.1% in the 3rd quarter. KBC Group NV now owns 26,092 shares of the company’s stock valued at $154,000 after purchasing an additional 7,595 shares during the period. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $7.62 on Tuesday. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $8.05. The firm has a market cap of $13.09 billion, a PE ratio of -15.55 and a beta of 2.86. The firm’s 50 day moving average price is $5.99 and its two-hundred day moving average price is $4.48.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Aurora Innovation news, Director Reid Hoffman sold 1,393,874 shares of Aurora Innovation stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $5.45, for a total value of $7,596,613.30. Following the completion of the sale, the director now directly owns 672,425 shares in the company, valued at $3,664,716.25. The trade was a 67.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 directly owns 344,647 shares of the company’s stock, valued at $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock worth $48,432,337 in the last ninety days. Corporate 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.