Marshall Wace LLP Has $27.66 Million Stake in Opera Limited (NASDAQ:OPRA)

Marshall Wace LLP increased its stake in shares of Opera Limited (NASDAQ:OPRA) by 99.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,460,201 shares of the company’s stock after purchasing an additional 729,001 shares during the quarter. Marshall Wace LLP owned approximately 1.65% of Opera worth $27,656,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in shares of Opera by 2,065.1% during the fourth quarter. US Bancorp DE now owns 1,364 shares of the company’s stock valued at $26,000 after purchasing an additional 1,301 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Opera by 74.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock valued at $30,000 after acquiring an additional 674 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Opera by 66.3% in the fourth quarter. GAMMA Investing LLC now owns 3,430 shares of the company’s stock worth $65,000 after purchasing an additional 1,368 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Opera during the 4th quarter worth $81,000. Finally, Signaturefd LLC grew its position in shares of Opera by 26.5% in the 4th quarter. Signaturefd LLC now owns 5,406 shares of the company’s stock valued at $102,000 after buying an additional 1,134 shares during the last quarter. Institutional investors and hedge funds own 10.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group cut their price objective on Opera from $26.00 to $22.50 and set a “buy” rating on the stock in a research note on Monday, April 14th. 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 target price for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $24.70.

Opera Stock Down 0.8 %

Shares of NASDAQ OPRA opened at $14.33 on Friday. Opera Limited has a 12-month low of $10.11 and a 12-month high of $22.50. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.27 billion, a PE ratio of 7.27 and a beta of 0.96. The company’s fifty day simple moving average is $17.35 and its 200 day simple moving average is $17.86.

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.