Allspring Global Investments Holdings LLC Makes New Investment in Teladoc Health, Inc. (NYSE:TDOC)

Allspring Global Investments Holdings LLC acquired a new position in Teladoc Health, Inc. (NYSE:TDOC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 314,491 shares of the health services provider’s stock, valued at approximately $2,859,000. Allspring Global Investments Holdings LLC owned 0.18% of Teladoc Health as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Summit Trail Advisors LLC purchased a new stake in Teladoc Health in the 4th quarter worth approximately $92,000. Murphy Pohlad Asset Management LLC purchased a new position in shares of Teladoc Health in the 4th quarter valued at approximately $458,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Teladoc Health by 21.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 700,166 shares of the health services provider’s stock valued at $6,365,000 after purchasing an additional 125,111 shares during the period. KBC Group NV lifted its stake in shares of Teladoc Health by 72.3% in the 4th quarter. KBC Group NV now owns 8,849 shares of the health services provider’s stock valued at $80,000 after purchasing an additional 3,714 shares during the period. Finally, Westside Investment Management Inc. lifted its stake in shares of Teladoc Health by 43.8% in the 4th quarter. Westside Investment Management Inc. now owns 9,200 shares of the health services provider’s stock valued at $84,000 after purchasing an additional 2,800 shares during the period. Hedge funds and other institutional investors own 76.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TDOC shares. Bank of America raised their target price on Teladoc Health from $11.50 to $13.50 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. TD Cowen lowered their target price on Teladoc Health from $9.00 to $8.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Piper Sandler restated an “overweight” rating and issued a $13.00 target price (up previously from $11.00) on shares of Teladoc Health in a research note on Wednesday, December 4th. The Goldman Sachs Group raised their target price on Teladoc Health from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Teladoc Health from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Teladoc Health presently has a consensus rating of “Hold” and a consensus target price of $11.81.

Teladoc Health Stock Performance

Shares of TDOC opened at $11.52 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.69. Teladoc Health, Inc. has a one year low of $6.76 and a one year high of $15.95. The firm has a market capitalization of $1.98 billion, a P/E ratio of -2.00 and a beta of 1.05. The business has a fifty day moving average of $10.55 and a 200 day moving average of $9.44.

Insider Buying and Selling

In related news, insider Carlos Nueno sold 2,389 shares of Teladoc Health stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $11.93, for a total transaction of $28,500.77. Following the transaction, the insider now directly owns 2,890 shares in the company, valued at approximately $34,477.70. The trade was a 45.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.95% of the stock is currently owned by corporate insiders.

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.