Charles Schwab Investment Management Inc. Raises Holdings in Opera Limited (NASDAQ:OPRA)

Charles Schwab Investment Management Inc. raised its position in shares of Opera Limited (NASDAQ:OPRA) by 64.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 121,069 shares of the company’s stock after buying an additional 47,652 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Opera were worth $2,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Portolan Capital Management LLC increased its holdings in shares of Opera by 63.5% during the third quarter. Portolan Capital Management LLC now owns 711,820 shares of the company’s stock valued at $10,998,000 after acquiring an additional 276,356 shares in the last quarter. Tidal Investments LLC raised its stake 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 buying an additional 257,469 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Opera in the 4th quarter valued at $1,985,000. Rockefeller Capital Management L.P. boosted its position in Opera by 44.0% during the third quarter. Rockefeller Capital Management L.P. now owns 275,034 shares of the company’s stock worth $4,249,000 after purchasing an additional 84,001 shares in the last quarter. Finally, Penn Mutual Asset Management acquired a new stake in shares of Opera in the third quarter valued at about $952,000. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler began coverage on shares of Opera in a research note on Wednesday, February 5th. They set an “overweight” rating and a $25.00 price objective for the company. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $24.80.

Opera Price Performance

Shares of OPRA opened at $16.18 on Friday. Opera Limited has a 1-year low of $10.11 and a 1-year high of $22.50. 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 firm has a 50-day simple moving average of $18.68 and a two-hundred day simple moving average of $17.87. The stock has a market cap of $1.43 billion, a PE ratio of 8.21 and a beta of 1.12.

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.