Ameriprise Financial Inc. Has $331,000 Stake in Opera Limited (NASDAQ:OPRA)

Ameriprise Financial Inc. trimmed its holdings in shares of Opera Limited (NASDAQ:OPRA - Free Report) by 54.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,481 shares of the company's stock after selling 21,188 shares during the period. Ameriprise Financial Inc.'s holdings in Opera were worth $331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Handelsbanken Fonder AB increased its holdings in Opera by 2.8% during the 4th quarter. Handelsbanken Fonder AB now owns 21,900 shares of the company's stock valued at $415,000 after purchasing an additional 600 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Opera by 74.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock valued at $30,000 after buying an additional 674 shares during the last quarter. Signaturefd LLC boosted its position in Opera by 26.5% in the 4th quarter. Signaturefd LLC now owns 5,406 shares of the company's stock valued at $102,000 after buying an additional 1,134 shares during the last quarter. US Bancorp DE boosted its position in Opera by 2,065.1% in the 4th quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $26,000 after buying an additional 1,301 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Opera by 229.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock valued at $42,000 after buying an additional 1,548 shares during the last quarter. 10.21% of the stock is owned by institutional investors and hedge funds.

Opera Price Performance

NASDAQ:OPRA opened at $18.32 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. The stock's 50-day simple moving average is $16.54 and its 200 day simple moving average is $18.04. The company has a market cap of $1.62 billion, a P/E ratio of 9.30 and a beta of 1.01. Opera Limited has a 52-week low of $10.11 and a 52-week high of $22.50.

Opera (NASDAQ:OPRA - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. Opera had a return on equity of 19.22% and a net margin of 39.22%. The firm had revenue of $142.72 million for the quarter, compared to the consensus estimate of $132.48 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. As a group, sell-side analysts forecast that Opera Limited will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wall Street Zen upgraded Opera from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Lake Street Capital increased their price objective on Opera from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, The Goldman Sachs Group reduced their price target on Opera from $26.00 to $22.50 and set a "buy" rating on the stock in a research report on Monday, April 14th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $24.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.