Wellington Management Group LLP Cuts Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Wellington Management Group LLP decreased its position in shares of Aurora Innovation, Inc. (NASDAQ:AURFree Report) by 17.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,959,713 shares of the company’s stock after selling 3,100,944 shares during the period. Wellington Management Group LLP owned approximately 0.97% of Aurora Innovation worth $65,374,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Aurora Innovation by 73.2% during the 3rd quarter. Vanguard Group Inc. now owns 78,891,029 shares of the company’s stock valued at $185,394,000 after purchasing an additional 33,348,395 shares during the last quarter. FMR LLC grew its stake in shares of Aurora Innovation by 823.6% during the third quarter. FMR LLC now owns 21,315,044 shares of the company’s stock valued at $50,090,000 after buying an additional 19,007,248 shares during the last quarter. Greylock 15 GP LLC bought a new stake in shares of Aurora Innovation in the 4th quarter valued at about $61,604,000. Foxhaven Asset Management LP purchased a new stake in Aurora Innovation during the 4th quarter valued at about $19,123,000. Finally, Cadian Capital Management LP bought a new position in Aurora Innovation during the 4th quarter worth approximately $17,914,000. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

AUR opened at $2.33 on Friday. The stock has a market capitalization of $3.62 billion, a PE ratio of -4.24 and a beta of 2.73. The stock’s 50 day moving average price is $2.71 and its 200-day moving average price is $2.95. Aurora Innovation, Inc. has a 52-week low of $1.60 and a 52-week high of $4.81.

Aurora Innovation (NASDAQ:AURGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.11) earnings per share for the quarter.

Analyst Ratings Changes

Several analysts have weighed in on AUR shares. TD Cowen lowered their price objective on Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating for the company in a research report on Friday, March 15th. Canaccord Genuity Group increased their price target on shares of Aurora Innovation from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 15th.

View Our Latest Analysis on AUR

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 338,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $3.19, for a total value of $1,078,220.00. Following the completion of the sale, the director now directly owns 442,663 shares in the company, valued at $1,412,094.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.83% of the stock is owned by corporate insiders.

Aurora Innovation Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Aurora Innovation (NASDAQ:AUR)

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