Handelsbanken Fonder AB Has $333,000 Holdings in Teladoc Health, Inc. (NYSE:TDOC)

Handelsbanken Fonder AB lifted its holdings in shares of Teladoc Health, Inc. (NYSE:TDOC) by 27.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,600 shares of the health services provider’s stock after buying an additional 7,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Teladoc Health were worth $333,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TDOC. Creative Planning increased its position in shares of Teladoc Health by 184.7% in the 3rd quarter. Creative Planning now owns 64,125 shares of the health services provider’s stock valued at $589,000 after buying an additional 41,602 shares in the last quarter. Private Advisor Group LLC lifted its position in Teladoc Health by 26.9% in the 3rd quarter. Private Advisor Group LLC now owns 13,990 shares of the health services provider’s stock valued at $128,000 after acquiring an additional 2,962 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Teladoc Health by 693.0% during the third quarter. International Assets Investment Management LLC now owns 23,299 shares of the health services provider’s stock worth $214,000 after buying an additional 20,361 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Teladoc Health in the 3rd quarter valued at approximately $111,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Teladoc Health by 63.0% in the third quarter. Janney Montgomery Scott LLC now owns 106,727 shares of the health services provider’s stock worth $980,000 after purchasing an additional 41,250 shares in the last quarter. Institutional investors and hedge funds own 76.82% of the company’s stock.

Teladoc Health Stock Performance

NYSE TDOC opened at $9.44 on Tuesday. Teladoc Health, Inc. has a 1 year low of $6.76 and a 1 year high of $15.95. The firm’s 50 day simple moving average is $10.63 and its 200 day simple moving average is $9.61. The company has a current ratio of 1.73, a quick ratio of 1.69 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -1.64 and a beta of 1.05.

Teladoc Health (NYSE:TDOC) last announced its quarterly earnings results on Wednesday, February 26th. The health services provider reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). The firm had revenue of $640.49 million during the quarter, compared to the consensus estimate of $639.44 million. Teladoc Health had a negative net margin of 37.91% and a negative return on equity of 10.06%. As a group, research analysts expect that Teladoc Health, Inc. will post -1.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

TDOC has been the subject of a number of analyst reports. Needham & Company LLC restated a “hold” rating on shares of Teladoc Health in a research note on Thursday, February 27th. Piper Sandler lowered their price objective on shares of Teladoc Health from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Bank of America raised their target price on shares of Teladoc Health from $11.50 to $13.50 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Oppenheimer decreased their price target on shares of Teladoc Health from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Finally, The Goldman Sachs Group dropped their price target on Teladoc Health from $16.00 to $13.00 and set a “buy” rating for the company in a report on Monday. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Teladoc Health presently has an average rating of “Hold” and an average price target of $11.26.

About Teladoc Health

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.