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

Arrowstreet Capital Limited Partnership boosted its holdings in Opera Limited (NASDAQ:OPRA) by 7.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 931,594 shares of the company’s stock after purchasing an additional 61,051 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Opera were worth $17,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE raised its stake in shares of 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 acquiring an additional 1,301 shares during the period. Jones Financial Companies Lllp increased its holdings in Opera by 74.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock valued at $30,000 after purchasing an additional 674 shares in the last quarter. GAMMA Investing LLC raised its position in Opera by 66.3% in the fourth quarter. GAMMA Investing LLC now owns 3,430 shares of the company’s stock valued at $65,000 after purchasing an additional 1,368 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Opera during the fourth quarter worth about $81,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Opera in the third quarter worth about $74,000. 10.21% of the stock is owned by institutional investors and hedge funds.

Opera Stock Performance

NASDAQ:OPRA opened at $13.95 on Friday. The firm has a 50-day moving average of $18.41 and a two-hundred day moving average of $17.90. 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 has a market cap of $1.23 billion, a P/E ratio of 7.08 and a beta of 0.96. Opera Limited has a 1-year low of $10.11 and a 1-year high of $22.50.

Analyst Upgrades and Downgrades

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