Charles Schwab Investment Management Inc. Buys 47,652 Shares of Opera Limited (NASDAQ:OPRA)

Charles Schwab Investment Management Inc. raised its holdings in Opera Limited (NASDAQ:OPRA - Free Report) by 64.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,069 shares of the company's stock after acquiring an additional 47,652 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.14% of Opera worth $2,293,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in OPRA. Handelsbanken Fonder AB lifted its stake in shares of Opera by 2.8% in the 4th quarter. Handelsbanken Fonder AB now owns 21,900 shares of the company's stock valued at $415,000 after purchasing an additional 600 shares during the last quarter. Jones Financial Companies Lllp raised 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 in the last quarter. State Street Corp lifted its position in shares of Opera by 5.1% in the third quarter. State Street Corp now owns 17,129 shares of the company's stock worth $265,000 after buying an additional 832 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Opera by 14.4% during the 3rd quarter. National Bank of Canada FI now owns 9,333 shares of the company's stock worth $144,000 after acquiring an additional 1,175 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Opera by 2,065.1% during the 4th quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $26,000 after acquiring an additional 1,301 shares during the last quarter. 10.21% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Separately, Piper Sandler began coverage on Opera in a report on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 target price for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Opera currently has an average rating of "Buy" and a consensus price target of $24.80.

Opera Stock Performance

Shares of Opera stock traded up $0.45 during trading on Wednesday, reaching $16.59. The company's stock had a trading volume of 258,796 shares, compared to its average volume of 585,219. Opera Limited has a one year low of $10.11 and a one year high of $22.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 8.42 and a beta of 1.12. The business's fifty day moving average price is $18.55 and its 200-day moving average price is $17.93.

Opera Company Profile

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.