38,259 Shares in Opera Limited (NASDAQ:OPRA) Acquired by LPL Financial LLC

LPL Financial LLC acquired a new position in Opera Limited (NASDAQ:OPRA) in the second quarter, HoldingsChannel.com reports. The firm acquired 38,259 shares of the company’s stock, valued at approximately $760,000.

Other hedge funds also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new stake in Opera during the 2nd quarter valued at $32,000. State of Tennessee Treasury Department purchased a new stake in Opera during the 1st quarter valued at $35,000. JPMorgan Chase & Co. raised its stake in Opera by 66.7% during the 1st quarter. JPMorgan Chase & Co. now owns 5,000 shares of the company’s stock valued at $30,000 after buying an additional 2,000 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Opera during the 2nd quarter valued at $203,000. Finally, Legato Capital Management LLC purchased a new stake in Opera during the 1st quarter valued at $112,000. 8.83% of the stock is currently owned by hedge funds and other institutional investors.

Opera Price Performance

Shares of OPRA opened at $12.56 on Tuesday. The firm has a market cap of $1.11 billion, a PE ratio of 17.44 and a beta of 1.05. The company has a current ratio of 4.69, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $12.02 and a two-hundred day simple moving average of $15.35. Opera Limited has a 1-year low of $4.64 and a 1-year high of $28.58.

Opera (NASDAQ:OPRA) last announced its earnings results on Thursday, October 26th. The company reported $0.18 earnings per share for the quarter. Opera had a net margin of 17.57% and a return on equity of 8.07%. The business had revenue of $102.64 million during the quarter, compared to analyst estimates of $101.40 million.

Opera Company Profile

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers. It operates in two segments, Browser and News, and Other. The company offers mobile browser products, such as Opera Mini, Opera for Android and iOS, Opera GX Mobile, and 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.