Handelsbanken Fonder AB Acquires Shares of 18,300 Opera Limited (NASDAQ:OPRA)

Handelsbanken Fonder AB acquired a new stake in shares of Opera Limited (NASDAQ:OPRA) during the fourth quarter, Holdings Channel reports. The firm acquired 18,300 shares of the company’s stock, valued at approximately $242,000.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Opera by 4.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 26,693 shares of the company’s stock worth $301,000 after acquiring an additional 1,050 shares in the last quarter. Tucker Asset Management LLC boosted its holdings in shares of Opera by 25.1% in the 3rd quarter. Tucker Asset Management LLC now owns 6,700 shares of the company’s stock worth $76,000 after acquiring an additional 1,344 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Opera in the 3rd quarter worth approximately $29,000. Ritholtz Wealth Management boosted its holdings in shares of Opera by 23.4% in the 4th quarter. Ritholtz Wealth Management now owns 17,070 shares of the company’s stock worth $226,000 after acquiring an additional 3,239 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Opera by 38.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 17,980 shares of the company’s stock worth $203,000 after acquiring an additional 4,989 shares in the last quarter. 10.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TD Cowen boosted their target price on Opera from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. TheStreet upgraded shares of Opera from a “c+” rating to a “b-” rating in a research report on Monday, March 4th.

Opera Stock Performance

OPRA stock opened at $13.78 on Friday. The company has a 50 day moving average price of $14.57 and a 200 day moving average price of $12.73. The stock has a market capitalization of $1.22 billion, a PE ratio of 7.33 and a beta of 0.80. Opera Limited has a fifty-two week low of $10.30 and a fifty-two week high of $28.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10.

Opera (NASDAQ:OPRA) last issued its earnings results on Thursday, April 25th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $101.87 million for the quarter, compared to analysts’ expectations of $100.60 million. Opera had a return on equity of 19.52% and a net margin of 41.00%. Analysts forecast that Opera Limited will post 0.78 EPS for the current year.

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.