Opera Limited (NASDAQ:OPRA) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lessened its position in Opera Limited (NASDAQ:OPRA) by 26.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,052 shares of the company’s stock after selling 1,125 shares during the period. Blue Trust Inc.’s holdings in Opera were worth $58,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Portolan Capital Management LLC increased its stake in Opera by 63.5% during the third quarter. Portolan Capital Management LLC now owns 711,820 shares of the company’s stock worth $10,998,000 after acquiring an additional 276,356 shares during the last quarter. Tidal Investments LLC raised its position in shares of Opera by 62.4% during the 3rd quarter. Tidal Investments LLC now owns 670,140 shares of the company’s stock valued at $10,354,000 after acquiring an additional 257,469 shares in the last quarter. Harvey Capital Management Inc. bought a new position in Opera in the third quarter worth about $2,420,000. Rockefeller Capital Management L.P. increased its position in Opera by 44.0% in the third quarter. Rockefeller Capital Management L.P. now owns 275,034 shares of the company’s stock worth $4,249,000 after buying an additional 84,001 shares during the period. Finally, Penn Mutual Asset Management acquired a new position in shares of Opera during the third quarter worth approximately $952,000. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Opera Trading Down 5.5 %

NASDAQ OPRA opened at $18.51 on Tuesday. 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 stock’s 50-day moving average is $19.11 and its 200-day moving average is $17.28. Opera Limited has a one year low of $10.11 and a one year high of $22.50. The firm has a market cap of $1.64 billion, a P/E ratio of 9.40 and a beta of 1.04.

Opera Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, January 13th. Investors of record on Monday, January 6th were paid a $0.40 dividend. This represents a yield of 3.9%. The ex-dividend date was Monday, January 6th. Opera’s payout ratio is presently 39.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OPRA shares. B. Riley reissued a “buy” rating and set a $25.00 target price (up previously from $24.00) on shares of Opera in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their price target on Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler started coverage on Opera in a research report on Wednesday, February 5th. They set an “overweight” rating and a $25.00 price objective on the stock. TD Cowen upped their price objective on shares of Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Lake Street Capital lifted their price objective on Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Opera has a consensus rating of “Buy” and a consensus target price of $24.80.

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.