Samalin Investment Counsel LLC boosted its position in shares of Opera Limited (NASDAQ:OPRA - Free Report) by 55.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,080 shares of the company's stock after buying an additional 18,255 shares during the quarter. Samalin Investment Counsel LLC owned approximately 0.06% of Opera worth $967,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. US Bancorp DE lifted its holdings in Opera by 2,065.1% in the 4th quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $26,000 after purchasing an additional 1,301 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Opera by 74.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock worth $30,000 after acquiring an additional 674 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Opera during the 3rd quarter valued at about $61,000. GAMMA Investing LLC raised its holdings in Opera by 66.3% in the 4th quarter. GAMMA Investing LLC now owns 3,430 shares of the company's stock valued at $65,000 after acquiring an additional 1,368 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Opera in the 3rd quarter worth approximately $74,000. Hedge funds and other institutional investors own 10.21% of the company's stock.
Wall Street Analyst Weigh In
Separately, Piper Sandler began coverage on Opera in a report on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 price target for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $24.80.
Read Our Latest Stock Analysis on OPRA
Opera Trading Down 0.6 %
Shares of Opera stock traded down $0.10 during mid-day trading on Thursday, hitting $17.39. The stock had a trading volume of 194,579 shares, compared to its average volume of 583,203. The firm has a 50-day moving average of $18.72 and a two-hundred day moving average of $17.85. The firm has a market cap of $1.54 billion, a P/E ratio of 8.83 and a beta of 1.12. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. Opera Limited has a 12-month low of $10.11 and a 12-month high of $22.50.
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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