Rockefeller Capital Management L.P. Has $4.25 Million Stake in Opera Limited (NASDAQ:OPRA)

Rockefeller Capital Management L.P. boosted its position in shares of Opera Limited (NASDAQ:OPRA - Free Report) by 44.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 275,034 shares of the company's stock after purchasing an additional 84,001 shares during the period. Rockefeller Capital Management L.P. owned about 0.31% of Opera worth $4,249,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in OPRA. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Opera by 45.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 83,734 shares of the company's stock valued at $1,176,000 after buying an additional 26,201 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Opera in the second quarter worth about $147,000. Ritholtz Wealth Management lifted its position in shares of Opera by 9.6% during the second quarter. Ritholtz Wealth Management now owns 18,284 shares of the company's stock worth $257,000 after purchasing an additional 1,595 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Opera by 1,474.9% during the second quarter. National Bank of Canada FI now owns 8,158 shares of the company's stock valued at $112,000 after purchasing an additional 7,640 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of Opera in the second quarter valued at approximately $205,000. 10.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

OPRA has been the subject of a number of recent research reports. Lake Street Capital boosted their target price on Opera from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their target price on shares of Opera from $19.50 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. B. Riley reiterated a "buy" rating and set a $25.00 price target (up previously from $24.00) on shares of Opera in a research report on Wednesday, October 30th. Finally, TD Cowen increased their price objective on shares of Opera from $25.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Opera currently has an average rating of "Buy" and an average target price of $24.75.

Opera Stock Performance

OPRA stock traded down $0.11 during midday trading on Thursday, reaching $18.97. 424,772 shares of the company were exchanged, compared to its average volume of 738,300. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 9.69 and a beta of 1.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. The business has a 50-day moving average price of $17.23 and a two-hundred day moving average price of $14.88. Opera Limited has a one year low of $10.11 and a one year high of $20.70.

Opera 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.