Amundi Raises Position in Enova International, Inc. $ENVA

Key Points

• Amundi increased its Enova International stake by 66.6% in the second quarter, adding 83,002 shares for a total holding of 207,684 shares valued at approximately $50 million. Institutional investors collectively own 89.43% of the company.
• Enova reported quarterly EPS of $4.31, beating estimates of $3.99, while revenue rose 21.6% year over year to $928.93 million. Analysts maintain a consensus “Buy” rating with an average price target of $247.83.
• Company insiders sold 75,129 shares worth $15.75 million over the past 90 days, including sales by Chairman David Fisher and Director William Goodyear. The stock recently opened at $221.90, below its 50-day moving average of $241.15.

Amundi grew its stake in Enova International, Inc. (NYSE:ENVA - Free Report) by 66.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,684 shares of the credit services provider's stock after purchasing an additional 83,002 shares during the quarter. Amundi owned approximately 0.83% of Enova International worth $49,996,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. HB Wealth Management LLC raised its position in Enova International by 3.1% in the 2nd quarter. HB Wealth Management LLC now owns 1,677 shares of the credit services provider's stock valued at $404,000 after buying an additional 51 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Enova International by 2.6% during the second quarter. GAMMA Investing LLC now owns 2,897 shares of the credit services provider's stock valued at $697,000 after purchasing an additional 73 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Enova International by 0.4% during the second quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider's stock valued at $2,706,000 after purchasing an additional 105 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Enova International by 58.5% during the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider's stock worth $56,000 after purchasing an additional 152 shares during the last quarter. Finally, McIlrath & Eck LLC purchased a new position in Enova International during the first quarter worth about $34,000. Hedge funds and other institutional investors own 89.43% of the company's stock.

Insider Buying and Selling

In other news, Chairman David Fisher sold 9,078 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $239.16, for a total value of $2,171,094.48. Following the sale, the chairman owned 306,444 shares of the company's stock, valued at $73,289,147.04. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William M. Goodyear sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $188.02, for a total transaction of $658,070.00. Following the completion of the sale, the director directly owned 50,820 shares in the company, valued at approximately $9,555,176.40. This trade represents a 6.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 75,129 shares of company stock valued at $15,753,056. 8.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on ENVA. Weiss Ratings reiterated a "buy (b-)" rating on shares of Enova International in a research note on Friday, July 17th. Citigroup restated a "market outperform" rating on shares of Enova International in a research note on Friday, July 24th. Wall Street Zen lowered Enova International from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 22nd. TD Cowen increased their price target on Enova International from $250.00 to $257.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Finally, BTIG Research lifted their price target on Enova International from $199.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $247.83.

Enova International Stock Down 1.0%

Enova International stock opened at $221.90 on Friday. The firm has a 50 day moving average price of $241.15 and a 200-day moving average price of $190.77. The company has a quick ratio of 18.42, a current ratio of 18.42 and a debt-to-equity ratio of 3.35. Enova International, Inc. has a twelve month low of $103.02 and a twelve month high of $267.45. The company has a market capitalization of $5.53 billion, a P/E ratio of 16.45 and a beta of 1.21.

Enova International (NYSE:ENVA - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, topping analysts' consensus estimates of $3.99 by $0.32. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The company had revenue of $928.93 million for the quarter, compared to analysts' expectations of $909.61 million. During the same quarter in the previous year, the firm posted $3.23 EPS. Enova International's revenue was up 21.6% on a year-over-year basis. As a group, equities analysts predict that Enova International, Inc. will post 16.3 EPS for the current year.

Enova International Profile

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. The company uses technology, data analytics and automated decision-making to offer credit products designed for customers who may have limited access to traditional bank financing.

Enova's consumer finance brands include CashNetUSA and NetCredit, which offer products such as short-term and installment loans, lines of credit and other forms of personal credit, subject to applicable laws and eligibility requirements.

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