Wesbanco Bank Inc. raised its position in Teladoc Health Inc (NYSE:TDOC) by 32.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,649 shares of the health services provider’s stock after acquiring an additional 3,614 shares during the period. Wesbanco Bank Inc.’s holdings in Teladoc Health were worth $726,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. California Public Employees Retirement System acquired a new stake in Teladoc Health in the second quarter valued at approximately $203,000. Northern Trust Corp lifted its stake in shares of Teladoc Health by 7.8% during the second quarter. Northern Trust Corp now owns 799,539 shares of the health services provider’s stock worth $46,414,000 after buying an additional 58,189 shares during the period. Atria Investments LLC acquired a new stake in shares of Teladoc Health during the third quarter worth $228,000. We Are One Seven LLC acquired a new stake in shares of Teladoc Health during the third quarter worth $225,000. Finally, Bank of Montreal Can lifted its stake in shares of Teladoc Health by 41.4% during the third quarter. Bank of Montreal Can now owns 20,565 shares of the health services provider’s stock worth $1,776,000 after buying an additional 6,019 shares during the period.
In other Teladoc Health news, CEO Jason N. Gorevic sold 30,000 shares of Teladoc Health stock in a transaction on Friday, January 18th. The shares were sold at an average price of $63.04, for a total value of $1,891,200.00. Following the completion of the transaction, the chief executive officer now owns 633,719 shares of the company’s stock, valued at $39,949,645.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Hirschhorn sold 10,000 shares of Teladoc Health stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $64.96, for a total transaction of $649,600.00. Following the completion of the transaction, the chief financial officer now directly owns 3,285 shares of the company’s stock, valued at approximately $213,393.60. The disclosure for this sale can be found here. Insiders have sold 130,194 shares of company stock valued at $7,383,442 over the last 90 days. 3.95% of the stock is currently owned by insiders.
NYSE TDOC traded up $1.33 on Tuesday, reaching $64.90. 4,343 shares of the company’s stock traded hands, compared to its average volume of 1,222,209. The company has a market capitalization of $4.52 billion, a PE ratio of -39.21 and a beta of 1.47. Teladoc Health Inc has a fifty-two week low of $33.00 and a fifty-two week high of $89.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 8.99 and a quick ratio of 8.99.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Teladoc Health from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Berenberg Bank assumed coverage on shares of Teladoc Health in a research note on Thursday, January 31st. They set a “buy” rating and a $80.00 price objective for the company. Craig Hallum lifted their price objective on shares of Teladoc Health from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, October 15th. Chardan Capital lifted their price objective on shares of Teladoc Health from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 2nd. Finally, Jefferies Financial Group set a $95.00 price objective on shares of Teladoc Health and gave the stock a “buy” rating in a research note on Friday, November 2nd. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Teladoc Health has an average rating of “Buy” and a consensus target price of $83.84.
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About Teladoc Health
Teladoc Health, Inc provides telehealth services worldwide. 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.
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