Russell Investments Group Ltd. Sells 13,420 Shares of Teladoc Health Inc (NYSE:TDOC)

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Russell Investments Group Ltd. cut its position in Teladoc Health Inc (NYSE:TDOC) by 19.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,897 shares of the health services provider’s stock after selling 13,420 shares during the quarter. Russell Investments Group Ltd.’s holdings in Teladoc Health were worth $8,586,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Baillie Gifford & Co. raised its position in Teladoc Health by 52.6% in the fourth quarter. Baillie Gifford & Co. now owns 5,732,223 shares of the health services provider’s stock valued at $479,901,000 after purchasing an additional 1,974,923 shares during the last quarter. State Street Corp raised its position in Teladoc Health by 2.1% in the fourth quarter. State Street Corp now owns 1,478,511 shares of the health services provider’s stock valued at $123,781,000 after purchasing an additional 30,086 shares during the last quarter. Champlain Investment Partners LLC raised its position in Teladoc Health by 10.0% in the fourth quarter. Champlain Investment Partners LLC now owns 1,261,900 shares of the health services provider’s stock valued at $105,646,000 after purchasing an additional 114,875 shares during the last quarter. Geode Capital Management LLC raised its position in Teladoc Health by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 931,217 shares of the health services provider’s stock valued at $77,961,000 after purchasing an additional 34,999 shares during the last quarter. Finally, Blair William & Co. IL raised its position in Teladoc Health by 11.5% in the fourth quarter. Blair William & Co. IL now owns 624,119 shares of the health services provider’s stock valued at $52,251,000 after purchasing an additional 64,482 shares during the last quarter.

TDOC has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on Teladoc Health from $135.00 to $144.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Barclays restated a “hold” rating and set a $180.00 price objective (up from $140.00) on shares of Teladoc Health in a research report on Thursday, April 30th. KeyCorp raised their price objective on Teladoc Health from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Credit Suisse Group raised their price objective on Teladoc Health from $152.00 to $165.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Royal Bank of Canada raised their price objective on Teladoc Health from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Fifteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $162.54.

Shares of Teladoc Health stock opened at $174.99 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.14 and a current ratio of 6.14. Teladoc Health Inc has a 52 week low of $53.46 and a 52 week high of $203.85. The stock has a 50 day moving average price of $170.70 and a two-hundred day moving average price of $118.06. The stock has a market capitalization of $12.75 billion, a PE ratio of -129.62 and a beta of 0.44.

Teladoc Health (NYSE:TDOC) last announced its quarterly earnings data on Wednesday, April 29th. The health services provider reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.05). Teladoc Health had a negative net margin of 16.24% and a negative return on equity of 10.60%. The firm had revenue of $180.80 million during the quarter, compared to analyst estimates of $180.64 million. During the same period last year, the business posted ($0.43) EPS. The company’s revenue was up 40.6% on a year-over-year basis. Research analysts forecast that Teladoc Health Inc will post -1.13 EPS for the current year.

In related news, SVP Andrew Turitz sold 14,122 shares of Teladoc Health stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $168.41, for a total transaction of $2,378,286.02. Following the transaction, the senior vice president now owns 12,552 shares of the company’s stock, valued at $2,113,882.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jason N. Gorevic sold 40,000 shares of Teladoc Health stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $170.26, for a total value of $6,810,400.00. Following the transaction, the chief executive officer now directly owns 711,283 shares in the company, valued at approximately $121,103,043.58. The disclosure for this sale can be found here. Insiders sold 208,252 shares of company stock valued at $35,286,838 in the last three months. Insiders own 3.42% of the company’s stock.

Teladoc Health Company Profile

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.

Further Reading: What is a Call Option?

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

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