Harvey Capital Management Inc. Has $2.60 Million Holdings in Opera Limited (NASDAQ:OPRA)

Harvey Capital Management Inc. trimmed its holdings in shares of Opera Limited (NASDAQ:OPRA - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,220 shares of the company's stock after selling 19,400 shares during the period. Harvey Capital Management Inc. owned 0.16% of Opera worth $2,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Opera by 135.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,062 shares of the company's stock valued at $32,000 after buying an additional 1,186 shares during the last quarter. Larson Financial Group LLC acquired a new stake in shares of Opera in the third quarter valued at approximately $61,000. Blue Trust Inc. increased its stake in shares of Opera by 334.7% in the third quarter. Blue Trust Inc. now owns 4,177 shares of the company's stock valued at $65,000 after purchasing an additional 3,216 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Opera in the third quarter valued at approximately $74,000. Finally, National Bank of Canada FI boosted its holdings in shares of Opera by 14.4% in the third quarter. National Bank of Canada FI now owns 9,333 shares of the company's stock valued at $144,000 after acquiring an additional 1,175 shares in the last quarter. 10.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on OPRA. Piper Sandler began coverage on shares of Opera in a report on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 price objective for the company. TD Cowen raised their target price on shares of Opera from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on shares of Opera from $19.50 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. B. Riley restated a "buy" rating and set a $25.00 target price (up from $24.00) on shares of Opera in a report on Wednesday, October 30th. Finally, Lake Street Capital raised their target price on shares of Opera from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $24.80.

Opera Stock Up 0.0 %

Shares of Opera stock traded up $0.01 during midday trading on Friday, reaching $21.86. 461,862 shares of the company's stock traded hands, compared to its average volume of 381,568. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 11.10 and a beta of 1.04. The company's 50 day simple moving average is $18.96 and its 200 day simple moving average is $16.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. Opera Limited has a 52 week low of $10.11 and a 52 week high of $22.00.

Opera Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, January 6th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, January 6th. This represents a dividend yield of 3.9%. Opera's dividend payout ratio is currently 39.59%.

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.