AlphaQuest LLC Sells 28,521 Shares of Teladoc Health, Inc. (NYSE:TDOC)

AlphaQuest LLC reduced its holdings in Teladoc Health, Inc. (NYSE:TDOC) by 81.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,450 shares of the health services provider’s stock after selling 28,521 shares during the quarter. AlphaQuest LLC’s holdings in Teladoc Health were worth $59,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Point72 Asset Management L.P. boosted its holdings in shares of Teladoc Health by 57.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 8,366,295 shares of the health services provider’s stock worth $76,803,000 after purchasing an additional 3,063,172 shares in the last quarter. Maple Rock Capital Partners Inc. purchased a new stake in Teladoc Health during the 3rd quarter valued at about $11,291,000. Invenomic Capital Management LP boosted its holdings in Teladoc Health by 155.2% during the 3rd quarter. Invenomic Capital Management LP now owns 1,474,337 shares of the health services provider’s stock valued at $13,534,000 after acquiring an additional 896,552 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Teladoc Health by 20,936.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 426,206 shares of the health services provider’s stock valued at $3,874,000 after acquiring an additional 424,180 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Teladoc Health by 18.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,443,713 shares of the health services provider’s stock valued at $22,213,000 after acquiring an additional 384,528 shares during the period. 76.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TDOC has been the subject of several analyst reports. Needham & Company LLC restated a “hold” rating on shares of Teladoc Health in a report on Thursday, February 27th. Oppenheimer dropped their price objective on Teladoc Health from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Bank of America increased their price objective on Teladoc Health from $11.50 to $13.50 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Royal Bank of Canada increased their price objective on Teladoc Health from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group dropped their price objective on Teladoc Health from $16.00 to $13.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.26.

Teladoc Health Stock Performance

Shares of TDOC opened at $8.17 on Friday. The business’s fifty day simple moving average is $10.45 and its two-hundred day simple moving average is $9.72. The company has a current ratio of 1.73, a quick ratio of 1.69 and a debt-to-equity ratio of 0.66. Teladoc Health, Inc. has a 12 month low of $6.76 and a 12 month high of $15.68. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -1.42 and a beta of 1.27.

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

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.