J.Safra Asset Management Corp Makes New Investment in Enova International, Inc. $ENVA

J.Safra Asset Management Corp bought a new stake in Enova International, Inc. (NYSE:ENVA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,080 shares of the credit services provider’s stock, valued at approximately $1,464,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in shares of Enova International during the second quarter worth approximately $38,453,000. Informed Momentum Co LLC bought a new stake in shares of Enova International in the fourth quarter worth $6,243,000. Marshall Wace LLP acquired a new stake in Enova International in the fourth quarter valued at $4,412,000. Geode Capital Management LLC raised its holdings in Enova International by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock valued at $96,095,000 after acquiring an additional 18,258 shares in the last quarter. Finally, Legato Capital Management LLC acquired a new stake in Enova International in the fourth quarter valued at $1,851,000. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Enova International Stock Up 0.2%

Shares of Enova International stock opened at $265.93 on Monday. The company has a current ratio of 18.42, a quick ratio of 18.42 and a debt-to-equity ratio of 3.35. The business’s 50 day simple moving average is $229.76 and its 200-day simple moving average is $179.88. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 19.71 and a beta of 1.22. Enova International, Inc. has a twelve month low of $103.02 and a twelve month high of $267.45.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share for the quarter, beating the consensus estimate of $3.99 by $0.32. The firm had revenue of $928.93 million for the quarter, compared to the consensus estimate of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. Enova International’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the firm posted $3.23 EPS. Equities research analysts forecast that Enova International, Inc. will post 16.3 earnings per share for the current year.

Insider Buying and Selling at Enova International

In other news, Director William M. Goodyear sold 3,500 shares of Enova International stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $188.02, for a total transaction of $658,070.00. Following the sale, the director owned 50,820 shares of the company’s stock, valued at approximately $9,555,176.40. The trade was a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark Tebbe sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $201.37, for a total value of $4,027,400.00. Following the transaction, the director owned 50,029 shares of the company’s stock, valued at approximately $10,074,339.73. This represents a 28.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 72,799 shares of company stock worth $13,880,919. 8.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on ENVA shares. Jefferies Financial Group raised their price objective on shares of Enova International from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research note on Friday, July 17th. Maxim Group increased their price target on shares of Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Stephens lifted their price target on Enova International from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Zacks Research raised Enova International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. 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.com, the stock currently has an average rating of “Buy” and a consensus target price of $247.83.

Enova International 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.