State of New Jersey Common Pension Fund D Has $2.98 Million Holdings in Teladoc Health, Inc. (NYSE:TDOC)

State of New Jersey Common Pension Fund D lifted its stake in Teladoc Health, Inc. (NYSE:TDOC) by 24.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 138,413 shares of the health services provider’s stock after buying an additional 27,460 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Teladoc Health were worth $2,983,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. RIA Advisory Group LLC acquired a new stake in Teladoc Health during the 4th quarter worth $36,000. GAMMA Investing LLC acquired a new stake in Teladoc Health during the 4th quarter worth $41,000. Byrne Asset Management LLC acquired a new stake in Teladoc Health during the 3rd quarter worth $60,000. Westside Investment Management Inc. raised its stake in Teladoc Health by 46.2% during the 4th quarter. Westside Investment Management Inc. now owns 4,112 shares of the health services provider’s stock worth $89,000 after buying an additional 1,300 shares during the period. Finally, CWM LLC raised its stake in Teladoc Health by 31.3% during the 4th quarter. CWM LLC now owns 5,416 shares of the health services provider’s stock worth $117,000 after buying an additional 1,291 shares during the period. 76.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Arnnon Geshuri sold 7,500 shares of Teladoc Health stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $15.06, for a total transaction of $112,950.00. Following the completion of the transaction, the insider now owns 38,470 shares in the company, valued at $579,358.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Arnnon Geshuri sold 7,500 shares of Teladoc Health stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $15.06, for a total transaction of $112,950.00. Following the completion of the transaction, the insider now owns 38,470 shares in the company, valued at $579,358.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laizer Kornwasser sold 7,882 shares of Teladoc Health stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $19.18, for a total value of $151,176.76. Following the transaction, the insider now owns 57,223 shares of the company’s stock, valued at approximately $1,097,537.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,441 shares of company stock worth $2,038,251. Company insiders own 1.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. SVB Leerink assumed coverage on Teladoc Health in a research note on Monday, February 26th. They issued a “market perform” rating and a $17.00 price target on the stock. Needham & Company LLC reissued a “hold” rating on shares of Teladoc Health in a research note on Friday. Stifel Nicolaus dropped their price target on Teladoc Health from $21.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday. Cantor Fitzgerald assumed coverage on Teladoc Health in a research note on Thursday, February 29th. They issued an “overweight” rating and a $22.00 price target on the stock. Finally, Piper Sandler dropped their price target on Teladoc Health from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 21st. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Teladoc Health presently has a consensus rating of “Hold” and a consensus price target of $19.67.

Teladoc Health Trading Down 2.4 %

Shares of NYSE TDOC opened at $13.01 on Friday. The business has a 50-day moving average of $14.85 and a 200-day moving average of $17.72. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.47 and a current ratio of 3.54. Teladoc Health, Inc. has a fifty-two week low of $12.65 and a fifty-two week high of $30.41.

Teladoc Health (NYSE:TDOC) last announced its quarterly earnings data on Thursday, April 25th. The health services provider reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.47) by ($0.02). Teladoc Health had a negative net margin of 8.90% and a negative return on equity of 10.11%. The company had revenue of $646.13 million during the quarter, compared to the consensus estimate of $637.31 million. During the same quarter in the previous year, the business earned ($0.37) EPS. Teladoc Health’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Teladoc Health, Inc. will post -1.06 EPS 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.