BNP Paribas Financial Markets Sells 6,034 Shares of Opera Limited (NASDAQ:OPRA)

BNP Paribas Financial Markets trimmed its holdings in Opera Limited (NASDAQ:OPRA) by 50.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,034 shares of the company’s stock after selling 6,034 shares during the period. BNP Paribas Financial Markets’ holdings in Opera were worth $93,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in shares of Opera in the 3rd quarter worth about $74,000. Alpha DNA Investment Management LLC bought a new stake in Opera during the 3rd quarter worth approximately $404,000. Larson Financial Group LLC purchased a new stake in shares of Opera in the third quarter worth approximately $61,000. Harvey Capital Management Inc. bought a new position in shares of Opera in the third quarter valued at approximately $2,420,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Opera by 5.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 88,008 shares of the company’s stock valued at $1,360,000 after buying an additional 4,274 shares during the last quarter. 10.21% of the stock is currently owned by institutional investors and hedge funds.

Opera Trading Down 5.9 %

NASDAQ OPRA opened at $18.64 on Thursday. Opera Limited has a one year low of $10.11 and a one year high of $20.70. The business’s fifty day moving average is $18.03 and its 200-day moving average is $15.23. 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 capitalization of $1.65 billion, a price-to-earnings ratio of 9.46 and a beta of 1.03.

Opera Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, January 6th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, January 6th. This represents a dividend yield of 3.9%. Opera’s payout ratio is currently 40.61%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on OPRA shares. B. Riley reissued a “buy” rating and issued a $25.00 price target (up from $24.00) on shares of Opera in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of Opera from $19.50 to $23.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Lake Street Capital boosted their price target on shares of Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, TD Cowen increased their price objective on shares of Opera from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, Opera has an average rating of “Buy” and a consensus price target 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.