Charles Schwab Investment Management Inc. Has $1.13 Million Position in Opera Limited (NASDAQ:OPRA)

Charles Schwab Investment Management Inc. lessened its holdings in Opera Limited (NASDAQ:OPRA) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,417 shares of the company’s stock after selling 1,085 shares during the period. Charles Schwab Investment Management Inc. owned 0.08% of Opera worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in OPRA. Harvey Capital Management Inc. bought a new position in shares of Opera in the third quarter valued at about $2,420,000. Hennion & Walsh Asset Management Inc. raised its holdings in Opera by 5.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 88,008 shares of the company’s stock valued at $1,360,000 after acquiring an additional 4,274 shares during the period. Inspire Investing LLC lifted its position in Opera by 2.7% during the third quarter. Inspire Investing LLC now owns 58,080 shares of the company’s stock worth $897,000 after acquiring an additional 1,539 shares during the last quarter. Redwood Wealth Management Group LLC lifted its position in Opera by 4.5% during the second quarter. Redwood Wealth Management Group LLC now owns 33,645 shares of the company’s stock worth $472,000 after acquiring an additional 1,440 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Opera by 9.6% during the second quarter. Ritholtz Wealth Management now owns 18,284 shares of the company’s stock worth $257,000 after acquiring an additional 1,595 shares during the period. Institutional investors and hedge funds own 10.21% of the company’s stock.

Opera Stock Down 1.0 %

Shares of OPRA opened at $19.81 on Wednesday. The firm has a 50 day simple moving average of $17.93 and a two-hundred day simple moving average of $15.19. 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 Limited has a one year low of $10.11 and a one year high of $20.70. The company has a market cap of $1.75 billion, a P/E ratio of 10.13 and a beta of 1.03.

Opera Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, January 6th will be given a $0.40 dividend. This represents a yield of 3.9%. The ex-dividend date is Monday, January 6th. Opera’s dividend payout ratio is presently 40.61%.

Analyst Ratings Changes

OPRA has been the subject of several research reports. The Goldman Sachs Group lifted their price target on Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. B. Riley restated a “buy” rating and issued a $25.00 price target (up from $24.00) on shares of Opera in a research note on Wednesday, October 30th. TD Cowen raised their price target on shares of Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Lake Street Capital increased their target price on shares of Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a buy rating, According to MarketBeat, Opera presently has a consensus rating of “Buy” and a consensus target price of $24.75.

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.