State Street Corp Has $265,000 Stake in Opera Limited (NASDAQ:OPRA)

State Street Corp grew its holdings in shares of Opera Limited (NASDAQ:OPRA) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,129 shares of the company’s stock after acquiring an additional 832 shares during the period. State Street Corp’s holdings in Opera were worth $265,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in OPRA. Point72 Asset Management L.P. bought a new stake in Opera in the 3rd quarter valued at about $888,000. Portolan Capital Management LLC boosted its stake in Opera by 63.5% during the 3rd quarter. Portolan Capital Management LLC now owns 711,820 shares of the company’s stock valued at $10,998,000 after purchasing an additional 276,356 shares during the last quarter. Penn Mutual Asset Management bought a new stake in Opera during the 3rd quarter worth approximately $952,000. Centiva Capital LP purchased a new stake in shares of Opera in the third quarter worth approximately $300,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Opera by 44.0% in the third quarter. Rockefeller Capital Management L.P. now owns 275,034 shares of the company’s stock valued at $4,249,000 after purchasing an additional 84,001 shares in the last quarter. 10.21% of the stock is owned by institutional investors.

Opera Trading Up 1.9 %

Shares of Opera stock opened at $19.55 on Friday. The firm has a market cap of $1.73 billion, a PE ratio of 9.92 and a beta of 1.03. Opera Limited has a 1 year low of $10.11 and a 1 year high of $20.70. 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 fifty day moving average price of $18.95 and a 200-day moving average price of $15.64.

Opera Dividend Announcement

The business also recently disclosed 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 39.59%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group upped 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. TD Cowen upped their target price on shares of Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. B. Riley reissued a “buy” rating and set a $25.00 price target (up from $24.00) on shares of Opera in a research report on Wednesday, October 30th. Finally, Lake Street Capital upped their price objective 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, Based on data from MarketBeat, Opera presently has an average rating of “Buy” and an average target price of $24.75.

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.