Breakwater Capital Group Purchases 28,656 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Breakwater Capital Group raised its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 79.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 64,507 shares of the company’s stock after purchasing an additional 28,656 shares during the period. Breakwater Capital Group’s holdings in Aurora Innovation were worth $406,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Amalgamated Bank grew its stake in 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 purchasing an additional 2,913 shares during the last quarter. ASB Consultores LLC boosted 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 valued at $94,000 after buying an additional 3,088 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of Aurora Innovation by 14.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock worth $188,000 after buying an additional 4,054 shares during the last quarter. KBC Group NV lifted its position in Aurora Innovation by 41.1% during the third quarter. KBC Group NV now owns 26,092 shares of the company’s stock valued at $154,000 after acquiring an additional 7,595 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Aurora Innovation by 8.1% in the second quarter. Victory Capital Management Inc. now owns 102,199 shares of the company’s stock valued at $283,000 after acquiring an additional 7,624 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AUR shares. Wolfe Research started coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Cantor Fitzgerald assumed coverage on Aurora Innovation in a research note on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price target for the company. The Goldman Sachs Group boosted their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. TD Cowen increased their price objective 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. Finally, Canaccord Genuity Group lifted their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Aurora Innovation currently has an average rating of “Hold” and an average target price of $6.30.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 1,393,874 shares of the company’s stock in a transaction 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 sale, the director now directly owns 672,425 shares of the company’s stock, valued at approximately $3,664,716.25. This represents a 67.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the transaction, the director now owns 344,647 shares of the company’s stock, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. 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 over the last quarter. Insiders own 13.83% of the company’s stock.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $6.41 on Wednesday. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $9.83. The company has a market cap of $11.02 billion, a PE ratio of -13.08 and a beta of 2.85. The business’s 50-day simple moving average is $6.63 and its two-hundred day simple moving average is $5.34.

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.