Atria Wealth Solutions Inc. Raises Stock Position in Opera Limited (NASDAQ:OPRA)

Atria Wealth Solutions Inc. grew its holdings in Opera Limited (NASDAQ:OPRA) by 17.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,100 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Opera were worth $229,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Penn Mutual Asset Management purchased a new position in shares of Opera in the 3rd quarter valued at $952,000. Rockefeller Capital Management L.P. raised its stake in shares of Opera by 44.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 275,034 shares of the company’s stock valued at $4,249,000 after acquiring an additional 84,001 shares during the period. Tidal Investments LLC raised its stake in shares of Opera by 62.4% in the 3rd quarter. Tidal Investments LLC now owns 670,140 shares of the company’s stock valued at $10,354,000 after acquiring an additional 257,469 shares during the period. Point72 Asset Management L.P. acquired a new stake in Opera during the 3rd quarter valued at $888,000. Finally, SG Americas Securities LLC acquired a new stake in Opera during the 4th quarter valued at $530,000. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler started coverage on shares of Opera in a report on Wednesday, February 5th. They set an “overweight” rating and a $25.00 price target for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat, Opera has an average rating of “Buy” and an average price target of $24.80.

Opera Price Performance

OPRA opened at $18.66 on Friday. The company has a fifty day simple moving average of $19.05 and a 200 day simple moving average of $17.37. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 9.47 and a beta of 1.04. Opera Limited has a twelve month low of $10.11 and a twelve month high of $22.50. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01.

Opera Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, January 6th were issued a dividend of $0.40 per share. This represents a yield of 3.9%. The ex-dividend date of this dividend was Monday, January 6th. Opera’s dividend payout ratio is currently 85.71%.

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.