Arrowstreet Capital Limited Partnership Raises Holdings in Opera Limited (NASDAQ:OPRA)

Arrowstreet Capital Limited Partnership boosted its stake in Opera Limited (NASDAQ:OPRA) by 7.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 931,594 shares of the company’s stock after buying an additional 61,051 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.05% of Opera worth $17,644,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Opera in the 3rd quarter valued at about $74,000. Centiva Capital LP purchased a new position in shares of Opera during the third quarter valued at approximately $300,000. Point72 Asset Management L.P. acquired a new stake in Opera during the third quarter worth approximately $888,000. State Street Corp grew its stake in Opera by 5.1% in the 3rd quarter. State Street Corp now owns 17,129 shares of the company’s stock worth $265,000 after acquiring an additional 832 shares during the period. Finally, National Bank of Canada FI raised its holdings in Opera by 14.4% in the 3rd quarter. National Bank of Canada FI now owns 9,333 shares of the company’s stock valued at $144,000 after acquiring an additional 1,175 shares during the last quarter. Institutional investors and hedge funds own 10.21% of the company’s stock.

Opera Stock Performance

Shares of OPRA stock opened at $13.95 on Friday. 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 firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 7.08 and a beta of 0.96. Opera Limited has a one year low of $10.11 and a one year high of $22.50. The company has a 50 day moving average price of $18.41 and a 200 day moving average price of $17.90.

Analysts Set New Price Targets

Separately, Piper Sandler initiated coverage on Opera in a report on Wednesday, February 5th. They set an “overweight” rating and a $25.00 price objective on the stock. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $24.80.

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.