Opera Limited (NASDAQ:OPRA) Position Trimmed by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc reduced its holdings in Opera Limited (NASDAQ:OPRA) by 0.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 198,695 shares of the company’s stock after selling 614 shares during the period. Opera comprises approximately 0.8% of Richard P Slaughter Associates Inc’s portfolio, making the stock its 26th largest holding. Richard P Slaughter Associates Inc’s holdings in Opera were worth $3,763,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Opera by 135.4% in the third quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock worth $32,000 after acquiring an additional 1,186 shares during the last quarter. Larson Financial Group LLC acquired a new stake in shares of Opera during the 3rd quarter worth approximately $61,000. Blue Trust Inc. lifted its holdings in shares of Opera by 334.7% in the 3rd quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock worth $65,000 after purchasing an additional 3,216 shares during the last quarter. Quantbot Technologies LP bought a new position in Opera during the 3rd quarter worth $74,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in Opera in the second quarter worth $112,000. 10.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on OPRA. B. Riley reissued a “buy” rating and set a $25.00 price target (up previously from $24.00) on shares of Opera in a report on Wednesday, October 30th. TD Cowen raised their price target on shares of Opera from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Lake Street Capital lifted their price objective on shares of Opera from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $24.75.

Opera Stock Up 1.3 %

Shares of OPRA stock opened at $17.78 on Wednesday. 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 stock has a market cap of $1.57 billion, a PE ratio of 9.03 and a beta of 1.06. The business’s fifty day moving average is $18.97 and its 200-day moving average is $15.86. Opera Limited has a 1 year low of $10.11 and a 1 year high of $20.70.

Opera Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, January 6th were given a $0.40 dividend. This represents a yield of 3.9%. The ex-dividend date was Monday, January 6th. Opera’s dividend payout ratio (DPR) is presently 39.59%.

About Opera

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.