US Bancorp DE reduced its stake in Teladoc Health, Inc. (NYSE:TDOC – Get Rating) by 20.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 95,122 shares of the health services provider’s stock after selling 25,070 shares during the quarter. US Bancorp DE owned 0.06% of Teladoc Health worth $2,411,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in TDOC. Renaissance Technologies LLC boosted its position in shares of Teladoc Health by 879.2% during the second quarter. Renaissance Technologies LLC now owns 4,475,319 shares of the health services provider’s stock worth $148,625,000 after buying an additional 4,018,300 shares during the period. State of Michigan Retirement System acquired a new position in Teladoc Health in the 2nd quarter valued at about $123,089,000. Himension Capital Singapore PTE. LTD. increased its stake in Teladoc Health by 67.7% during the second quarter. Himension Capital Singapore PTE. LTD. now owns 2,167,552 shares of the health services provider’s stock worth $71,984,000 after purchasing an additional 875,344 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Teladoc Health by 893.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 351,898 shares of the health services provider’s stock worth $11,687,000 after purchasing an additional 316,492 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Teladoc Health in the second quarter valued at approximately $6,065,000. Institutional investors and hedge funds own 84.14% of the company’s stock.
Insider Buying and Selling
In other Teladoc Health news, insider Arnnon Geshuri sold 2,398 shares of the stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $27.35, for a total value of $65,585.30. Following the completion of the transaction, the insider now directly owns 74,317 shares of the company’s stock, valued at $2,032,569.95. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 3,925 shares of company stock valued at $105,198. Corporate insiders own 1.55% of the company’s stock.
Analyst Ratings Changes
Teladoc Health Stock Performance
Shares of NYSE:TDOC opened at $26.92 on Friday. Teladoc Health, Inc. has a 52 week low of $21.60 and a 52 week high of $82.99. The company has a 50-day moving average price of $26.70 and a 200 day moving average price of $30.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.99 and a current ratio of 3.13.
Teladoc Health (NYSE:TDOC – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The health services provider reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.14. Teladoc Health had a negative return on equity of 2.47% and a negative net margin of 424.40%. The firm had revenue of $611.40 million for the quarter, compared to analyst estimates of $609.45 million. As a group, research analysts predict that Teladoc Health, Inc. will post -1.4 EPS for the current fiscal year.
Teladoc Health Company Profile
Teladoc Health, Inc provides virtual healthcare services in the United States and internationally. The company offers a portfolio of services and solutions covering non-urgent, episodic, chronic, and complicated medical conditions, including diabetes, hypertension, chronic kidney disease, cancer, congestive heart failure, and mental health conditions.
- Get a free copy of the StockNews.com research report on Teladoc Health (TDOC)
- MarketBeat: Week in Review 01/09-01/13
- JPMorgan Chase Falls As Banks Brace For Recession
- Why is the Bed Bath & Beyond Stock Price up 261%?
- Roku Stock Price is Trending, Here’s Why
- Carvana Stock Rally, Here’s What You Need to Know
Receive News & Ratings for Teladoc Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teladoc Health and related companies with MarketBeat.com's FREE daily email newsletter.