LPL Financial LLC trimmed its position in shares of Opera Limited (NASDAQ:OPRA - Free Report) by 43.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,475 shares of the company's stock after selling 48,366 shares during the period. LPL Financial LLC owned about 0.07% of Opera worth $1,202,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. Samalin Investment Counsel LLC grew its holdings in Opera by 55.6% during the 4th quarter. Samalin Investment Counsel LLC now owns 51,080 shares of the company's stock valued at $967,000 after purchasing an additional 18,255 shares during the last quarter. Sei Investments Co. purchased a new stake in Opera in the 4th quarter valued at about $355,000. MRP Capital Investments LLC purchased a new stake in Opera in the 4th quarter valued at about $575,000. Signaturefd LLC boosted its position in Opera by 26.5% in the 4th quarter. Signaturefd LLC now owns 5,406 shares of the company's stock valued at $102,000 after buying an additional 1,134 shares during the period. Finally, Left Brain Wealth Management LLC purchased a new stake in Opera in the 4th quarter valued at about $737,000. 10.21% of the stock is currently owned by institutional investors.
Opera Stock Up 2.1 %
Shares of OPRA traded up $0.31 during mid-day trading on Thursday, hitting $14.91. The company's stock had a trading volume of 88,440 shares, compared to its average volume of 570,504. The company's 50-day moving average is $16.91 and its 200-day moving average is $17.85. Opera Limited has a 52-week low of $10.11 and a 52-week high of $22.50. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 7.57 and a beta of 0.96. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on OPRA shares. Piper Sandler started coverage on shares of Opera in a research report on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 price objective for the company. The Goldman Sachs Group lowered their price objective on shares of Opera from $26.00 to $22.50 and set a "buy" rating for the company in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Opera presently has a consensus rating of "Buy" and an average price target of $24.70.
View Our Latest Stock Analysis on OPRA
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.
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