Opera Limited Sponsored ADR $OPRA Holdings Trimmed by MLP3 LLC

MLP3 LLC cut its stake in Opera Limited Sponsored ADR (NASDAQ:OPRA) by 72.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,551 shares of the company’s stock after selling 44,603 shares during the period. MLP3 LLC’s holdings in Opera were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of OPRA. Squarepoint Ops LLC grew its stake in shares of Opera by 16.4% during the second quarter. Squarepoint Ops LLC now owns 190,502 shares of the company’s stock valued at $3,778,000 after purchasing an additional 26,787 shares during the last quarter. Engineers Gate Manager LP bought a new position in Opera in the 2nd quarter worth approximately $228,000. Integrated Wealth Concepts LLC bought a new position in Opera in the 2nd quarter worth approximately $40,000. Bradley Foster & Sargent Inc. CT raised its position in Opera by 35.3% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 29,146 shares of the company’s stock worth $416,000 after purchasing an additional 7,607 shares during the last quarter. Finally, Vest Financial LLC acquired a new position in Opera during the 3rd quarter worth $253,000. 10.21% of the stock is currently owned by institutional investors and hedge funds.

Opera Price Performance

Shares of NASDAQ OPRA traded down $0.39 during mid-day trading on Friday, hitting $17.35. The company’s stock had a trading volume of 252,977 shares, compared to its average volume of 293,247. Opera Limited Sponsored ADR has a one year low of $11.71 and a one year high of $20.78. The company’s fifty day simple moving average is $18.18 and its 200-day simple moving average is $18.31. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 12.48 and a beta of 1.28.

Wall Street Analysts Forecast Growth

OPRA has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Opera in a research report on Friday, October 2nd. B. Riley Financial boosted their target price on Opera from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Finally, Wall Street Zen lowered Opera from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.75.

Opera Profile

Opera Limited (NASDAQ: OPRA) is a technology company that develops web browsers and related digital services for desktop and mobile users. Its products are designed to provide fast, customizable and feature-rich internet access, with tools such as ad blocking, private browsing, data savings, integrated messaging and personalized content.

The company’s product portfolio includes the Opera browser for computers and smartphones, Opera Mini, a data-efficient mobile browser, and Opera GX, a browser designed for gamers.