TD Asset Management Inc Takes Position in Opera Limited Sponsored ADR (NASDAQ:OPRA)

TD Asset Management Inc acquired a new stake in Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 17,477 shares of the company's stock, valued at approximately $279,000.

Several other institutional investors also recently bought and sold shares of OPRA. Tower Research Capital LLC TRC increased its stake in shares of Opera by 229.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock worth $42,000 after acquiring an additional 1,548 shares during the period. Calton & Associates Inc. acquired a new position in Opera during the 1st quarter worth approximately $51,000. Point72 Hong Kong Ltd lifted its holdings in shares of Opera by 457.1% in the 4th quarter. Point72 Hong Kong Ltd now owns 3,900 shares of the company's stock valued at $74,000 after buying an additional 3,200 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Opera by 36.1% in the fourth quarter. BNP Paribas Financial Markets now owns 8,215 shares of the company's stock valued at $156,000 after buying an additional 2,181 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new position in Opera during the fourth quarter worth $171,000. 10.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Opera from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Lake Street Capital increased their target price on shares of Opera from $23.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. The Goldman Sachs Group lowered their price target on Opera from $26.00 to $22.50 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Wedbush reiterated an "outperform" rating on shares of Opera in a research report on Tuesday, July 8th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Opera presently has a consensus rating of "Buy" and an average target price of $24.90.

Opera Trading Up 1.6%

NASDAQ:OPRA traded up $0.26 on Wednesday, reaching $16.43. The stock had a trading volume of 455,313 shares, compared to its average volume of 506,354. The firm's fifty day moving average is $18.26 and its two-hundred day moving average is $17.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.17 and a quick ratio of 2.17. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 17.48 and a beta of 0.96. Opera Limited Sponsored ADR has a 12-month low of $11.05 and a 12-month high of $22.50.

Opera Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 8th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, July 8th. This represents a dividend yield of 410.0%. Opera's dividend payout ratio (DPR) is 82.98%.

Opera 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.