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

Marshall Wace LLP grew its holdings in shares of Opera Limited (NASDAQ:OPRA) by 99.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,460,201 shares of the company’s stock after acquiring an additional 729,001 shares during the period. Marshall Wace LLP’s holdings in Opera were worth $27,656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Opera by 5.1% in the third quarter. State Street Corp now owns 17,129 shares of the company’s stock worth $265,000 after purchasing an additional 832 shares during the last quarter. XTX Topco Ltd purchased a new position in Opera during the 3rd quarter worth $187,000. Tidal Investments LLC raised its holdings in shares of Opera by 62.4% in the third quarter. Tidal Investments LLC now owns 670,140 shares of the company’s stock valued at $10,354,000 after purchasing an additional 257,469 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Opera by 66.3% during 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. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Opera by 20.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 105,873 shares of the company’s stock valued at $2,005,000 after buying an additional 17,865 shares during the last quarter. Institutional investors and hedge funds own 10.21% of the company’s stock.

Analysts Set New Price Targets

OPRA has been the subject of several research analyst reports. The Goldman Sachs Group decreased their target price on Opera from $26.00 to $22.50 and set a “buy” rating for the company in a research report 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 price target for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $24.70.

Opera Trading Down 0.8 %

Opera stock opened at $14.33 on Friday. The stock has a market cap of $1.27 billion, a P/E ratio of 7.27 and a beta of 0.96. Opera Limited has a fifty-two week low of $10.11 and a fifty-two week high of $22.50. The firm’s fifty day moving average price is $17.35 and its 200-day moving average price is $17.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10.

Opera Company 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.