Industry Ventures L.L.C. Takes Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Industry Ventures L.L.C. acquired a new stake in Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 15,813 shares of the company’s stock, valued at approximately $69,000. Aurora Innovation comprises approximately 0.1% of Industry Ventures L.L.C.’s investment portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in AUR. Charles Schwab Investment Management Inc. grew its holdings in Aurora Innovation by 7.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,171,940 shares of the company’s stock worth $22,601,000 after acquiring an additional 353,301 shares during the period. Greylock 15 GP LLC acquired a new stake in shares of Aurora Innovation in the fourth quarter worth approximately $61,604,000. Victory Capital Management Inc. raised its position in shares of Aurora Innovation by 31.4% in the 4th quarter. Victory Capital Management Inc. now owns 93,896 shares of the company’s stock worth $410,000 after buying an additional 22,428 shares during the period. Headlands Technologies LLC purchased a new stake in Aurora Innovation during the fourth quarter worth approximately $41,000. Finally, New York State Common Retirement Fund grew its stake in shares of Aurora Innovation by 11.2% in the fourth quarter. New York State Common Retirement Fund now owns 138,192 shares of the company’s stock valued at $604,000 after buying an additional 13,875 shares in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Price Performance

AUR traded down $0.03 on Wednesday, reaching $3.36. 9,383,272 shares of the company traded hands, compared to its average volume of 6,987,861. Aurora Innovation, Inc. has a 52-week low of $1.30 and a 52-week high of $4.81. The company has a market cap of $5.16 billion, a price-to-earnings ratio of -5.51 and a beta of 2.85. The stock’s 50 day moving average price is $2.74 and its 200-day moving average price is $2.84.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AUR shares. TD Cowen decreased their price target on shares of 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 upped their price target on shares of Aurora Innovation from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, March 15th.

Insider Activity

In other Aurora Innovation news, Director Reid Hoffman sold 1,000,000 shares of Aurora Innovation stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $2.52, for a total value of $2,520,000.00. Following the transaction, 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 document filed with the SEC, which is accessible through this link. 13.83% of the stock is currently owned by company insiders.

Aurora Innovation 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.