Teladoc Health, Inc. (NYSE:TDOC) Stock Holdings Lifted by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its position in Teladoc Health, Inc. (NYSE:TDOCFree Report) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,598 shares of the health services provider’s stock after purchasing an additional 1,072 shares during the period. Foundations Investment Advisors LLC’s holdings in Teladoc Health were worth $429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its position in shares of Teladoc Health by 204.4% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,586 shares of the health services provider’s stock worth $34,000 after buying an additional 1,065 shares during the last quarter. Jump Financial LLC raised its position in shares of Teladoc Health by 400.9% in the fourth quarter. Jump Financial LLC now owns 112,421 shares of the health services provider’s stock valued at $2,423,000 after purchasing an additional 89,975 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Teladoc Health by 1,777.0% in the fourth quarter. International Assets Investment Management LLC now owns 112,038 shares of the health services provider’s stock worth $2,414,000 after buying an additional 106,069 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in Teladoc Health during the fourth quarter valued at about $1,530,000. Finally, Sowell Financial Services LLC grew its position in shares of Teladoc Health by 40.8% in the fourth quarter. Sowell Financial Services LLC now owns 18,907 shares of the health services provider’s stock valued at $407,000 after purchasing an additional 5,475 shares during the last quarter. Institutional investors own 76.82% of the company’s stock.

Teladoc Health Stock Performance

NYSE TDOC opened at $12.73 on Friday. Teladoc Health, Inc. has a twelve month low of $11.88 and a twelve month high of $30.41. The company has a quick ratio of 3.74, a current ratio of 3.82 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2.16 billion, a P/E ratio of -9.03 and a beta of 0.97. The company’s 50-day simple moving average is $13.93 and its 200 day simple moving average is $17.18.

Teladoc Health (NYSE:TDOCGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The health services provider reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.47) by ($0.02). Teladoc Health had a negative net margin of 8.90% and a negative return on equity of 10.13%. The company had revenue of $646.13 million during the quarter, compared to the consensus estimate of $637.31 million. During the same quarter in the prior year, the company posted ($0.37) earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts forecast that Teladoc Health, Inc. will post -1.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TDOC. Bank of America cut their price objective on Teladoc Health from $16.50 to $13.50 and set a “neutral” rating for the company in a research report on Tuesday, May 14th. Cantor Fitzgerald started coverage on Teladoc Health in a research report on Thursday, February 29th. They issued an “overweight” rating and a $22.00 price objective for the company. Oppenheimer lowered their price objective on shares of Teladoc Health from $26.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Leerink Partnrs reiterated a “market perform” rating on shares of Teladoc Health in a research note on Monday, February 26th. Finally, TD Cowen decreased their price target on shares of Teladoc Health from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.41.

Read Our Latest Report on Teladoc Health

Insider Buying and Selling at Teladoc Health

In related news, EVP Andrew Turitz sold 6,190 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $89,878.80. Following the completion of the sale, the executive vice president now owns 39,429 shares in the company, valued at approximately $572,509.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Teladoc Health news, EVP Andrew Turitz sold 6,190 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $89,878.80. Following the sale, the executive vice president now directly owns 39,429 shares of the company’s stock, valued at $572,509.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Trencher sold 6,780 shares of Teladoc Health stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $98,445.60. Following the completion of the transaction, the insider now owns 28,192 shares of the company’s stock, valued at approximately $409,347.84. The disclosure for this sale can be found here. Insiders have sold 138,368 shares of company stock worth $1,989,227 over the last three months. Company insiders own 0.95% of the company’s stock.

Teladoc Health Profile

(Free Report)

Teladoc Health, Inc provides virtual healthcare services worldwide. The company operates through Teladoc Health Integrated Care and BetterHelp segments. The Integrated Care segment offers virtual medical services, including general medical, expert medical, specialty medical, chronic condition management, and mental health, as well as enabling technologies and enterprise telehealth solutions for hospitals and health systems.

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Institutional Ownership by Quarter for Teladoc Health (NYSE:TDOC)

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