Sei Investments Co. Cuts Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Sei Investments Co. trimmed its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 10.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,109 shares of the company’s stock after selling 24,426 shares during the period. Sei Investments Co.’s holdings in Aurora Innovation were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Twin Tree Management LP increased its position in Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after purchasing an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after buying an additional 4,955 shares in the last quarter. Grimes & Company Inc. purchased a new position in shares of Aurora Innovation in the 4th quarter worth $63,000. Yousif Capital Management LLC bought a new stake in shares of Aurora Innovation in the 4th quarter worth about $65,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Aurora Innovation during the 4th quarter valued at about $65,000. 44.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Morgan Stanley assumed coverage on Aurora Innovation in a research report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price target for the company. Oppenheimer initiated coverage on Aurora Innovation in a research report on Thursday, March 27th. They set an “outperform” rating and a $15.00 target price on the stock. Evercore ISI raised their price target on Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 18th. TD Cowen started coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a “hold” rating and a $8.00 price objective for the company. Finally, Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.07.

Aurora Innovation Price Performance

Shares of AUR stock opened at $5.68 on Monday. The company’s 50-day simple moving average is $7.23 and its two-hundred day simple moving average is $6.67. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77. The company has a market capitalization of $9.89 billion, a P/E ratio of -12.09 and a beta of 2.77.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. On average, research analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

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.