State of Wisconsin Investment Board Has $11.54 Million Position in Teladoc Health Inc (NYSE:TDOC)

State of Wisconsin Investment Board lifted its position in Teladoc Health Inc (NYSE:TDOC) by 29.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,500 shares of the health services provider’s stock after buying an additional 47,500 shares during the quarter. State of Wisconsin Investment Board’s holdings in Teladoc Health were worth $11,537,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TDOC. Flagship Harbor Advisors LLC lifted its holdings in shares of Teladoc Health by 87.8% during the first quarter. Flagship Harbor Advisors LLC now owns 616 shares of the health services provider’s stock worth $34,000 after buying an additional 288 shares in the last quarter. Pier 88 Investment Partners LLC lifted its holdings in shares of Teladoc Health by 10.2% during the fourth quarter. Pier 88 Investment Partners LLC now owns 3,345 shares of the health services provider’s stock worth $166,000 after buying an additional 310 shares in the last quarter. Nikulski Financial Inc. lifted its holdings in shares of Teladoc Health by 2.7% during the first quarter. Nikulski Financial Inc. now owns 12,295 shares of the health services provider’s stock worth $684,000 after buying an additional 325 shares in the last quarter. Trustcore Financial Services LLC lifted its holdings in shares of Teladoc Health by 100.0% during the first quarter. Trustcore Financial Services LLC now owns 800 shares of the health services provider’s stock worth $44,000 after buying an additional 400 shares in the last quarter. Finally, Synovus Financial Corp lifted its holdings in shares of Teladoc Health by 126.2% during the first quarter. Synovus Financial Corp now owns 778 shares of the health services provider’s stock worth $43,000 after buying an additional 434 shares in the last quarter.

TDOC has been the topic of several research reports. Zacks Investment Research upgraded Teladoc Health from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Stephens assumed coverage on Teladoc Health in a research report on Tuesday, April 16th. They set an “overweight” rating and a $75.00 target price on the stock. Bank of America assumed coverage on Teladoc Health in a research report on Thursday. They issued a “buy” rating and a $65.00 price target for the company. Cantor Fitzgerald restated a “hold” rating and issued a $70.00 price objective on shares of Teladoc Health in a research note on Tuesday, April 30th. Finally, Guggenheim began coverage on Teladoc Health in a research note on Wednesday, April 17th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Teladoc Health has a consensus rating of “Buy” and an average price target of $82.68.

NYSE:TDOC opened at $59.26 on Friday. Teladoc Health Inc has a twelve month low of $42.08 and a twelve month high of $89.05. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of -41.15 and a beta of 1.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 7.54 and a current ratio of 7.54.

Teladoc Health (NYSE:TDOC) last released its quarterly earnings results on Tuesday, April 30th. The health services provider reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.01. Teladoc Health had a negative return on equity of 10.86% and a negative net margin of 22.63%. The firm had revenue of $128.57 million for the quarter, compared to analysts’ expectations of $127.99 million. During the same quarter last year, the firm posted ($0.39) EPS. The company’s revenue was up 43.4% compared to the same quarter last year. As a group, research analysts expect that Teladoc Health Inc will post -1.53 earnings per share for the current fiscal year.

In related news, insider Lewis Levy sold 675 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $56.80, for a total transaction of $38,340.00. Following the transaction, the insider now directly owns 4,805 shares of the company’s stock, valued at approximately $272,924. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Peter A. Mcclennen sold 13,063 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $57.14, for a total value of $746,419.82. Following the transaction, the president now directly owns 22,733 shares in the company, valued at $1,298,963.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,351 shares of company stock worth $9,088,666. Insiders own 3.95% of the company’s stock.

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About Teladoc Health

Teladoc Health, Inc provides telehealth services. It offers a portfolio of services and solutions covering 450 medical subspecialties, such as flu and upper respiratory infections, cancer, and congestive heart failure. The company provides its services through mobile devices, the Internet, video, and phone.

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

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