SC US Ttgp LTD. Acquires Shares of 8,809,941 Aurora Innovation, Inc. $AUR

SC US Ttgp LTD. acquired a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, Holdings Channel.com reports. The fund acquired 8,809,941 shares of the company’s stock, valued at approximately $33,830,000. Aurora Innovation makes up approximately 0.2% of SC US Ttgp LTD.’s investment portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. World Investment Advisors raised its stake in Aurora Innovation by 7.4% during the fourth quarter. World Investment Advisors now owns 34,812 shares of the company’s stock valued at $134,000 after buying an additional 2,406 shares in the last quarter. Cerity Partners LLC raised its stake in Aurora Innovation by 20.1% during the second quarter. Cerity Partners LLC now owns 14,686 shares of the company’s stock valued at $77,000 after buying an additional 2,458 shares in the last quarter. Finivi Inc. raised its stake in Aurora Innovation by 2.5% during the fourth quarter. Finivi Inc. now owns 104,911 shares of the company’s stock valued at $403,000 after buying an additional 2,530 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Aurora Innovation by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock worth $172,000 after purchasing an additional 2,774 shares during the period. Finally, National Bank of Canada FI raised its position in shares of Aurora Innovation by 21.5% during the 3rd quarter. National Bank of Canada FI now owns 15,808 shares of the company’s stock worth $85,000 after purchasing an additional 2,797 shares during the period. Institutional investors and hedge funds own 44.71% of the company’s stock.

Insider Transactions at Aurora Innovation

In related news, Director Reid Hoffman sold 5,498,487 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $7.81, for a total value of $42,943,183.47. Following the completion of the transaction, the director directly owned 77,500 shares of the company’s stock, valued at $605,275. This represents a 98.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 7,048,487 shares of company stock valued at $54,295,119. Corporate insiders own 8.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on AUR shares. Wall Street Zen cut Aurora Innovation from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Monday, April 20th. The Goldman Sachs Group increased their price target on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Morgan Stanley reiterated an “overweight” rating and set a $14.00 price target on shares of Aurora Innovation in a research report on Thursday, May 7th. Finally, Northland Securities started coverage on Aurora Innovation in a research report on Friday, May 29th. They set an “outperform” rating and a $11.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Aurora Innovation presently has an average rating of “Hold” and an average price target of $12.25.

Aurora Innovation Stock Performance

Shares of Aurora Innovation stock opened at $6.13 on Monday. The business’s 50 day simple moving average is $6.07 and its 200-day simple moving average is $4.96. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of -13.93 and a beta of 2.62. Aurora Innovation, Inc. has a twelve month low of $3.60 and a twelve month high of $8.56.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $0.97 million. Aurora Innovation’s revenue for the quarter was down 66.7% compared to the same quarter last year. Sell-side analysts predict that Aurora Innovation, Inc. will post -0.47 earnings per share for the current year.

About Aurora Innovation

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.