JT Stratford LLC Acquires 29,943 Shares of Opera Limited Sponsored ADR $OPRA

JT Stratford LLC raised its holdings in Opera Limited Sponsored ADR (NASDAQ:OPRA) by 28.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,833 shares of the company’s stock after purchasing an additional 29,943 shares during the period. JT Stratford LLC owned approximately 0.15% of Opera worth $2,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in OPRA. Driehaus Capital Management LLC bought a new stake in shares of Opera during the 4th quarter worth approximately $10,646,000. Tidal Investments LLC lifted its holdings in shares of Opera by 75.6% during the 4th quarter. Tidal Investments LLC now owns 1,176,565 shares of the company’s stock worth $22,284,000 after acquiring an additional 506,425 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Opera during the 4th quarter worth approximately $7,535,000. Point72 Asset Management L.P. lifted its holdings in shares of Opera by 176.5% during the 4th quarter. Point72 Asset Management L.P. now owns 159,000 shares of the company’s stock worth $3,011,000 after acquiring an additional 101,500 shares during the period. Finally, Maxi Investments CY Ltd lifted its holdings in shares of Opera by 270.5% during the 1st quarter. Maxi Investments CY Ltd now owns 128,309 shares of the company’s stock worth $2,045,000 after acquiring an additional 93,682 shares during the period. Institutional investors own 10.21% of the company’s stock.

Opera Trading Up 4.2%

Shares of NASDAQ OPRA opened at $17.01 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 2.17. Opera Limited Sponsored ADR has a 52-week low of $12.56 and a 52-week high of $22.50. The firm has a 50 day moving average price of $17.87 and a two-hundred day moving average price of $17.66. The stock has a market cap of $1.52 billion, a P/E ratio of 18.10 and a beta of 0.96.

Opera Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th were given a $0.40 dividend. This represents a yield of 410.0%. The ex-dividend date was Tuesday, July 8th. Opera’s dividend payout ratio is 82.98%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OPRA shares. Lake Street Capital increased their price objective on shares of Opera from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Wall Street Zen raised shares of Opera from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Finally, Wedbush reissued an “outperform” rating on shares of Opera in a research note on Tuesday, July 8th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $24.90.

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.