Opera Limited Sponsored ADR $OPRA Stock Sold by MLP3 LLC

MLP3 LLC lessened its stake in Opera Limited Sponsored ADR (NASDAQ:OPRA) by 72.9% in the third quarter, HoldingsChannel reports. The firm 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 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC boosted its holdings in Opera by 16.4% during the second quarter. Squarepoint Ops LLC now owns 190,502 shares of the company’s stock worth $3,778,000 after buying an additional 26,787 shares during the last quarter. Vest Financial LLC bought a new stake in shares of Opera in the 3rd quarter valued at about $253,000. North Star Asset Management Inc. bought a new stake in shares of Opera in the 2nd quarter valued at about $238,000. Engineers Gate Manager LP bought a new stake in shares of Opera in the 2nd quarter valued at about $228,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of Opera in the 2nd quarter valued at approximately $211,000. Institutional investors and hedge funds own 10.21% of the company’s stock.

Opera Stock Performance

NASDAQ:OPRA traded down $0.39 on Friday, reaching $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 1-year low of $11.71 and a 1-year high of $20.78. The business’s 50-day moving average price is $18.18 and its two-hundred day moving average price is $18.31. The firm has a market cap of $1.54 billion, a PE ratio of 12.48 and a beta of 1.28.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OPRA. B. Riley Financial lifted their price objective on shares of Opera from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Opera in a research note on Friday, October 2nd. Finally, Wall Street Zen lowered shares of Opera from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.