Arrowstreet Capital Limited Partnership boosted its stake in Opera Limited (NASDAQ:OPRA - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 931,594 shares of the company's stock after acquiring an additional 61,051 shares during the period. Arrowstreet Capital Limited Partnership owned 1.05% of Opera worth $17,644,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. US Bancorp DE increased its holdings in shares of Opera by 2,065.1% in the 4th quarter. US Bancorp DE now owns 1,364 shares of the company's stock worth $26,000 after purchasing an additional 1,301 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Opera by 74.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock valued at $30,000 after buying an additional 674 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Opera by 66.3% in the 4th quarter. GAMMA Investing LLC now owns 3,430 shares of the company's stock worth $65,000 after purchasing an additional 1,368 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Opera in the fourth quarter worth about $81,000. Finally, Quantbot Technologies LP bought a new position in shares of Opera in the third quarter worth about $74,000. Institutional investors own 10.21% of the company's stock.
Opera Stock Up 12.5 %
OPRA stock traded up $1.73 during trading on Wednesday, hitting $15.61. 588,432 shares of the company's stock traded hands, compared to its average volume of 587,858. Opera Limited has a 1 year low of $10.11 and a 1 year high of $22.50. The business has a fifty day simple moving average of $18.06 and a two-hundred day simple moving average of $17.90. The firm has a market capitalization of $1.38 billion, a P/E ratio of 7.92 and a beta of 0.96. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler started coverage on shares of Opera in a report on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 target price for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Opera presently has a consensus rating of "Buy" and an average target price of $24.80.
Check Out Our Latest Stock Report on Opera
About Opera
(
Free Report)
Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.
Further Reading
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