Aurora Innovation (NASDAQ:AUR) Price Target Raised to $2.50 at The Goldman Sachs Group

Aurora Innovation (NASDAQ:AUR) had its price target increased by The Goldman Sachs Group from $2.00 to $2.50 in a report released on Monday, Benzinga reports. They currently have a sell rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Evercore ISI lifted their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. TD Cowen lifted their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $7.00 target price on shares of Aurora Innovation in a research report on Monday, September 30th.

Aurora Innovation Stock Down 4.5 %

Shares of NASDAQ:AUR opened at $5.55 on Monday. Aurora Innovation has a fifty-two week low of $1.73 and a fifty-two week high of $7.01. The firm’s 50-day simple moving average is $5.38 and its 200-day simple moving average is $3.94.

Hedge Funds Weigh In On Aurora Innovation

Hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. raised its position in shares of Aurora Innovation by 78.4% in the 2nd quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock worth $200,655,000 after buying an additional 31,841,994 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Aurora Innovation by 273.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock worth $14,377,000 after purchasing an additional 3,800,901 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Aurora Innovation by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after purchasing an additional 2,502,002 shares in the last quarter. ARK Investment Management LLC purchased a new stake in shares of Aurora Innovation during the 3rd quarter worth about $12,433,000. Finally, Vanguard Group Inc. increased its position in Aurora Innovation by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock worth $239,092,000 after purchasing an additional 1,267,962 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

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.