Teladoc Health, Inc. (NYSE:TDOC) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its stake in Teladoc Health, Inc. (NYSE:TDOC) by 20.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,357,875 shares of the health services provider’s stock after selling 343,286 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.79% of Teladoc Health worth $12,343,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in TDOC. Versant Capital Management Inc grew its stake in Teladoc Health by 313.8% in the 4th quarter. Versant Capital Management Inc now owns 3,219 shares of the health services provider’s stock valued at $29,000 after acquiring an additional 2,441 shares during the period. Whipplewood Advisors LLC acquired a new stake in Teladoc Health in the 4th quarter valued at $29,000. Lindbrook Capital LLC grew its stake in Teladoc Health by 78.9% in the 4th quarter. Lindbrook Capital LLC now owns 3,654 shares of the health services provider’s stock valued at $33,000 after acquiring an additional 1,612 shares during the period. PNC Financial Services Group Inc. grew its stake in Teladoc Health by 22.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,978 shares of the health services provider’s stock valued at $73,000 after acquiring an additional 1,439 shares during the period. Finally, KBC Group NV grew its stake in Teladoc Health by 72.3% in the 4th quarter. KBC Group NV now owns 8,849 shares of the health services provider’s stock valued at $80,000 after acquiring an additional 3,714 shares during the period. Institutional investors and hedge funds own 76.82% of the company’s stock.

Teladoc Health Trading Up 1.6 %

NYSE TDOC opened at $8.63 on Friday. The firm’s 50-day moving average is $10.58 and its two-hundred day moving average is $9.67. Teladoc Health, Inc. has a 12 month low of $6.76 and a 12 month high of $15.68. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.69. The stock has a market capitalization of $1.50 billion, a P/E ratio of -1.49 and a beta of 1.27.

Teladoc Health (NYSE:TDOC) last posted its earnings results on Wednesday, February 26th. The health services provider reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). Teladoc Health had a negative net margin of 37.91% and a negative return on equity of 10.06%. The company had revenue of $640.49 million during the quarter, compared to analyst estimates of $639.44 million. On average, sell-side analysts anticipate that Teladoc Health, Inc. will post -1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

TDOC has been the topic of several recent research reports. Bank of America lifted their target price on shares of Teladoc Health from $11.50 to $13.50 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Piper Sandler lowered their target price on shares of Teladoc Health from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Teladoc Health in a research note on Thursday, February 27th. The Goldman Sachs Group lowered their target price on shares of Teladoc Health from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Finally, Oppenheimer lowered their target price on shares of Teladoc Health from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Teladoc Health currently has an average rating of “Hold” and an average price target of $11.26.

Teladoc Health 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.