Teladoc Health, Inc. (NYSE:TDOC) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. trimmed its holdings in Teladoc Health, Inc. (NYSE:TDOC) by 40.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,602 shares of the health services provider’s stock after selling 3,088 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Teladoc Health were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TDOC. CWM LLC boosted its stake in shares of Teladoc Health by 219.1% during the 3rd quarter. CWM LLC now owns 13,557 shares of the health services provider’s stock worth $124,000 after purchasing an additional 9,309 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Teladoc Health during the 3rd quarter worth about $409,000. Creative Planning boosted its stake in shares of Teladoc Health by 184.7% during the 3rd quarter. Creative Planning now owns 64,125 shares of the health services provider’s stock worth $589,000 after purchasing an additional 41,602 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Teladoc Health by 84.5% during the 3rd quarter. Blue Trust Inc. now owns 4,048 shares of the health services provider’s stock worth $40,000 after purchasing an additional 1,854 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Teladoc Health by 162.7% during the 3rd quarter. Signaturefd LLC now owns 7,535 shares of the health services provider’s stock worth $69,000 after purchasing an additional 4,667 shares during the last quarter. 76.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Carlos Nueno sold 2,389 shares of Teladoc Health stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $11.93, for a total transaction of $28,500.77. Following the sale, the insider now owns 2,890 shares in the company, valued at $34,477.70. This trade represents a 45.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.95% of the company’s stock.

Teladoc Health Trading Down 6.2 %

TDOC opened at $12.99 on Wednesday. The firm has a market capitalization of $2.24 billion, a P/E ratio of -2.25 and a beta of 1.04. The firm’s 50 day moving average is $10.13 and its 200-day moving average is $9.20. Teladoc Health, Inc. has a 52-week low of $6.76 and a 52-week high of $21.74. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.66.

Analyst Ratings Changes

TDOC has been the topic of several recent analyst reports. Barclays increased their price objective on shares of Teladoc Health from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Oppenheimer cut their price objective on shares of Teladoc Health from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Teladoc Health from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Piper Sandler reiterated an “overweight” rating and set a $13.00 price objective (up from $11.00) on shares of Teladoc Health in a report on Wednesday, December 4th. Finally, Bank of America increased their price objective on shares of Teladoc Health from $10.50 to $11.50 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Fourteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.97.

Teladoc Health Company Profile

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.