SBI Securities Co. Ltd. Acquires New Shares in Teladoc Health, Inc. (NYSE:TDOC)

SBI Securities Co. Ltd. acquired a new stake in shares of Teladoc Health, Inc. (NYSE:TDOC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,369 shares of the health services provider’s stock, valued at approximately $285,000.

A number of other institutional investors have also recently bought and sold shares of TDOC. Private Advisor Group LLC boosted its position in Teladoc Health by 26.9% during the third quarter. Private Advisor Group LLC now owns 13,990 shares of the health services provider’s stock valued at $128,000 after purchasing an additional 2,962 shares during the last quarter. International Assets Investment Management LLC boosted its position in Teladoc Health by 693.0% during the third quarter. International Assets Investment Management LLC now owns 23,299 shares of the health services provider’s stock valued at $214,000 after purchasing an additional 20,361 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Teladoc Health during the third quarter valued at $111,000. Janney Montgomery Scott LLC boosted its position in Teladoc Health by 63.0% during the third quarter. Janney Montgomery Scott LLC now owns 106,727 shares of the health services provider’s stock valued at $980,000 after purchasing an additional 41,250 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Teladoc Health by 141.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 575,055 shares of the health services provider’s stock valued at $5,279,000 after purchasing an additional 337,305 shares during the last quarter. Institutional investors and hedge funds own 76.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TDOC. The Goldman Sachs Group reduced their price target on Teladoc Health from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday. Piper Sandler reduced their price target on Teladoc Health from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Bank of America boosted their price target on Teladoc Health from $11.50 to $13.50 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Teladoc Health in a research report on Thursday, February 27th. Finally, Royal Bank of Canada boosted their price target on Teladoc Health from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.26.

Teladoc Health Trading Down 1.6 %

TDOC stock opened at $9.06 on Thursday. The firm has a market cap of $1.57 billion, a P/E ratio of -1.57 and a beta of 1.27. 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 1-year low of $6.76 and a 1-year high of $15.95. The business’s 50 day moving average is $10.63 and its 200-day moving average is $9.62.

Teladoc Health (NYSE:TDOC) last announced 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). The business had revenue of $640.49 million during the quarter, compared to analyst estimates of $639.44 million. Teladoc Health had a negative return on equity of 10.06% and a negative net margin of 37.91%. Equities 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.