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

BNP Paribas Financial Markets lowered its holdings in Opera Limited (NASDAQ:OPRA) by 50.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,034 shares of the company’s stock after selling 6,034 shares during the quarter. BNP Paribas Financial Markets’ holdings in Opera were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of OPRA. GAMMA Investing LLC boosted its stake in Opera by 135.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock worth $32,000 after purchasing an additional 1,186 shares during the period. Larson Financial Group LLC purchased a new stake in shares of Opera in the 3rd quarter valued at $61,000. Blue Trust Inc. raised its position in Opera by 334.7% in the 3rd quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock worth $65,000 after purchasing an additional 3,216 shares during the period. Quantbot Technologies LP bought a new stake in shares of Opera in the 3rd quarter valued at about $74,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of Opera in the second quarter worth $112,000. 10.21% of the stock is currently owned by hedge funds and other institutional investors.

Opera Trading Down 5.9 %

NASDAQ:OPRA opened at $18.64 on Thursday. The firm has a market capitalization of $1.65 billion, a P/E ratio of 9.46 and a beta of 1.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. Opera Limited has a one year low of $10.11 and a one year high of $20.70. The company’s 50-day simple moving average is $18.03 and its 200 day simple moving average is $15.23.

Opera Announces Dividend

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 given a $0.40 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a dividend yield of 3.9%. Opera’s dividend payout ratio is currently 40.61%.

Analyst Ratings Changes

A number of analysts have recently weighed in on OPRA shares. Lake Street Capital increased their target price on shares of Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. TD Cowen boosted their price objective on shares of Opera from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. B. Riley restated a “buy” rating and issued a $25.00 price objective (up from $24.00) on shares of Opera in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price target on Opera from $19.50 to $23.00 and gave the company 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.com, Opera currently has a consensus rating of “Buy” and a consensus price target 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.