SG Americas Securities LLC Reduces Stock Position in Teladoc Health, Inc. (NYSE:TDOC)

Posted by Defense World Staff on Apr 25th, 2023

SG Americas Securities LLC trimmed its holdings in Teladoc Health, Inc. (NYSE:TDOC – Get Rating) by 8.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 80,861 shares of the health services provider’s stock after selling 7,462 shares during the period. SG Americas Securities LLC’s holdings in Teladoc Health were worth $1,912,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. IFP Advisors Inc raised its stake in shares of Teladoc Health by 6.4% in the third quarter. IFP Advisors Inc now owns 6,286 shares of the health services provider’s stock valued at $349,000 after acquiring an additional 380 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Teladoc Health by 11.6% during the fourth quarter. Lindbrook Capital LLC now owns 3,655 shares of the health services provider’s stock worth $86,000 after buying an additional 381 shares during the last quarter. Forum Financial Management LP grew its holdings in shares of Teladoc Health by 14.4% during the first quarter. Forum Financial Management LP now owns 3,094 shares of the health services provider’s stock worth $223,000 after buying an additional 390 shares during the last quarter. Eudaimonia Partners LLC grew its holdings in shares of Teladoc Health by 2.5% during the third quarter. Eudaimonia Partners LLC now owns 16,471 shares of the health services provider’s stock worth $418,000 after buying an additional 404 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC lifted its position in Teladoc Health by 17.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 3,062 shares of the health services provider’s stock valued at $72,000 after purchasing an additional 448 shares during the period. 84.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Arnnon Geshuri sold 1,500 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $31.82, for a total transaction of $47,730.00. Following the completion of the sale, the insider now owns 74,317 shares of the company’s stock, valued at approximately $2,364,766.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Arnnon Geshuri sold 1,500 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $31.82, for a total transaction of $47,730.00. Following the completion of the sale, the insider now owns 74,317 shares of the company’s stock, valued at approximately $2,364,766.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Stephany Verstraete sold 2,254 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $25.36, for a total transaction of $57,161.44. Following the sale, the chief marketing officer now directly owns 35,188 shares of the company’s stock, valued at approximately $892,367.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,301 shares of company stock worth $1,180,135. 1.55% of the stock is currently owned by corporate insiders.

Teladoc Health Stock Performance

Shares of TDOC stock opened at $28.17 on Tuesday. Teladoc Health, Inc. has a 12 month low of $21.60 and a 12 month high of $60.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.29 and a quick ratio of 3.15. The firm has a market capitalization of $4.58 billion, a P/E ratio of -0.33 and a beta of 1.08. The company’s fifty day moving average price is $26.32 and its two-hundred day moving average price is $26.80.

Teladoc Health (NYSE:TDOC – Get Rating) last issued its earnings results on Wednesday, February 22nd. The health services provider reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.04. The business had revenue of $637.71 million for the quarter, compared to analyst estimates of $633.71 million. Teladoc Health had a negative net margin of 567.53% and a negative return on equity of 4.35%. On average, research analysts anticipate that Teladoc Health, Inc. will post -1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

TDOC has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Teladoc Health from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, February 27th. SVB Securities raised shares of Teladoc Health from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research note on Thursday, February 23rd. Wells Fargo & Company lowered their target price on shares of Teladoc Health from $28.00 to $23.00 and set an “equal weight” rating for the company in a research note on Monday, March 6th. Citigroup lowered their target price on shares of Teladoc Health from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, February 28th. Finally, Stephens initiated coverage on shares of Teladoc Health in a research note on Tuesday, April 11th. They issued an “equal weight” rating and a $25.00 target price for the company. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.35.

Teladoc Health Profile

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Teladoc Health, Inc engages in the provision of telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. It operates through the following segments: Teladoc Health Integrated Care, BetterHelp, and Others. The Teladoc Health Integrated Care segment offers virtual medical services.