Sumitomo Mitsui Trust Holdings Inc. Sells 239,649 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Sumitomo Mitsui Trust Holdings Inc. lowered its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,587,522 shares of the company’s stock after selling 239,649 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.24% of Aurora Innovation worth $15,677,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Willis Johnson & Associates Inc. bought a new position in Aurora Innovation in the 3rd quarter worth approximately $29,000. Simplicity Solutions LLC acquired a new position in shares of Aurora Innovation in the 3rd quarter valued at $33,000. ASB Consultores LLC acquired a new position in shares of Aurora Innovation in the 3rd quarter valued at $44,000. Algert Global LLC acquired a new position in shares of Aurora Innovation in the 3rd quarter valued at $67,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Aurora Innovation by 51.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,140 shares of the company’s stock valued at $75,000 after buying an additional 5,859 shares during the period. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Trading Down 1.8 %

AUR opened at $2.75 on Tuesday. The stock has a market capitalization of $4.22 billion, a P/E ratio of -4.51 and a beta of 2.91. Aurora Innovation, Inc. has a 12 month low of $1.28 and a 12 month high of $4.81. The firm’s fifty day simple moving average is $2.70 and its 200 day simple moving average is $2.75.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.13) EPS for the quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group lowered shares of Aurora Innovation from a “neutral” rating to a “sell” rating and boosted their price target for the company from $1.75 to $2.00 in a report on Wednesday, January 3rd. Canaccord Genuity Group boosted their price objective 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. Finally, TD Cowen cut their price objective on shares of Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating on the stock in a research report on Friday, March 15th.

Insiders Place Their Bets

In other Aurora Innovation news, Director Reid Hoffman sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $2.52, for a total transaction of $2,520,000.00. Following the sale, the director now directly owns 463,563 shares of the company’s stock, valued at approximately $1,168,178.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 13.83% 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.