Enova International, Inc. $ENVA Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in Enova International, Inc. (NYSE:ENVA) by 3.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 245,185 shares of the credit services provider’s stock after selling 9,037 shares during the quarter. Wellington Management Group LLP’s holdings in Enova International were worth $59,023,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in shares of Enova International in the second quarter valued at approximately $38,453,000. Tieton Capital Management LLC acquired a new stake in Enova International in the 2nd quarter valued at $26,577,000. Informed Momentum Co LLC purchased a new stake in Enova International in the 4th quarter worth $6,243,000. Marshall Wace LLP acquired a new position in Enova International during the fourth quarter worth $4,412,000. Finally, Geode Capital Management LLC raised its position in Enova International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock worth $96,095,000 after acquiring an additional 18,258 shares during the period. Institutional investors and hedge funds own 89.43% of the company’s stock.

Insider Activity

In other news, Director William Goodyear sold 3,500 shares of the firm’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 owned 50,820 shares in the company, valued at $9,555,176.40. This trade represents a 6.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David Fisher sold 9,078 shares of the company’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 completion of the transaction, the chairman owned 306,444 shares in the company, valued at $73,289,147.04. This represents a 2.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 75,129 shares of company stock valued at $15,753,056 in the last 90 days. Company insiders own 8.40% of the company’s stock.

Enova International Stock Up 2.9%

Shares of ENVA opened at $233.56 on Friday. Enova International, Inc. has a 52-week low of $103.02 and a 52-week high of $267.45. The company has a quick ratio of 18.42, a current ratio of 18.42 and a debt-to-equity ratio of 3.35. The stock has a fifty day simple moving average of $242.15 and a two-hundred day simple moving average of $187.97. The company has a market capitalization of $5.82 billion, a PE ratio of 17.31 and a beta of 1.21.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $928.93 million during the quarter, compared to analyst estimates of $909.61 million. During the same quarter in the prior year, the firm posted $3.23 earnings per share. Enova International’s quarterly revenue was up 21.6% on a year-over-year basis. As a group, equities analysts forecast that Enova International, Inc. will post 16.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ENVA. Zacks Research upgraded shares of Enova International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. TD Cowen increased their target price on Enova International from $250.00 to $257.00 and gave the company a “buy” rating in a report on Friday, July 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research report on Friday, July 17th. Citizens Jmp lifted their price target on Enova International from $195.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Friday, June 26th. Finally, BTIG Research increased their price objective on Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat, Enova International currently has an average rating of “Buy” and a consensus price target of $247.83.

Enova International Company Profile

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.