After grabbing 54.04 million shares, the institutional investor is now in possession of 54.04 million shares of the Technology Company. The new investment brought the stake of investor firm to 7.46% having worth around $111.33 million. Moreover, The Vanguard Group, Inc. increased its share by 4.72 million to have a control over 30.85 million shares. And Wellington Management Co. LLP raised its holdings to 4.26 million shares by acquiring 11.16 million shares or 1.54% of the stake.
Aurora Innovation Inc. (AUR) concluded trading on 11/23/22 at a closing price of $1.41, with 3.75 million shares of worth about $5.28 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -51.38% during that period and on Wednesday the price saw a loss of about -0.70%. Currently the company’s common shares owned by public are about 1.15B shares, out of which, 331.73M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the AUR stock and their offered price forecasts bring an average price target of $5.02. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $8.00 and could fall to a lowest price of $2.50. The stock’s current price level is 71.91% above of average price target set by the analysts, while a rise to estimated low would result in gain of 43.6% for the stock. However, touching the estimated high of $8.00 would mean a gain of 82.38% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 16 times over the past 12 months. They bought 1,866,746 shares in 10 of the transactions. In 6 selling transactions, insiders dumped 204,603 shares.
T Rowe Price Capital Appreciation, Scottish Mortgage Investment Trus, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Aurora Innovation Inc. T Rowe Price Capital Appreciation is currently holding 34.67 million shares of worth totaling $71.41 million. The company recently came buying 8.51 million shares which brought its stake up to 4.79% of the company’s outstanding shares. Scottish Mortgage Investment Trus bought 5.87 million shares, after which its hold over company’s outstanding shares expand to 2.83%, leaving 20.47 million shares with the mutual fund that have a worth of about $42.17 million. Vanguard Total Stock Market Index, after buying 10.86 million shares, have now control over 1.50% of the stake in the company. It holds 0.0 shares of worth $22.37 million.
Aurora Innovation Inc. (NASDAQ: AUR) started trading at $1.43, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 1.4500, or with a loss of -0.70%. Stock saw a price change of -19.43% in past 5 days and over the past one month there was a price change of -36.49%. Year-to-date (YTD), AUR shares are showing a performance of -87.48% which decreased to -88.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.40 but also hit the highest price of $14.25 during that period. The average intraday trading volume for Aurora Innovation Inc. shares is 2.56 million. The stock is currently trading -23.15% below its 20-day simple moving average (SMA20), while that difference is down -34.74% for SMA50 and it goes to -56.59% lower than SMA200.
T. Rowe Price Investment Manageme acquired 54.04 million shares of Aurora Innovation Inc. having value of about $111.33 million. Aurora Innovation Inc. (NASDAQ: AUR) currently have 1.15B outstanding shares and institutions hold larger chunk of about 40.60% of that. Holding of mutual funds in the company is about 22.17% while other institutional holders and individual stake holders have control over 5.91% and 1.98% of the stake respectively.
The stock has a current market capitalization of $1.70B. It has posted earnings per share of -$1.49 in the same period. It has Quick Ratio of 16.50 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AUR, volatility over the week remained 8.68% while standing at 7.77% over the month.
Analysts are in expectations that Aurora Innovation Inc. (AUR) stock would likely to be making an EPS of -$0.2 in the current quarter, while forecast for next quarter EPS is -$0.2 and it is -$0.78 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.2 which is -$0.2 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -212.10% while it is estimated to increase by 2.50% in next year.
Analysts at 4 brokerage firms have issued recommendations for the Aurora Innovation Inc. (AUR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 4 Wall Street analysts, 2 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on December 16, 2021 offering a Neutral rating for the stock and assigned a target price of $13 to it.