Hodges Capital Management Inc. purchased a new stake in Teladoc Inc (NYSE:TDOC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,300 shares of the health services provider’s stock, valued at approximately $533,000.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in Teladoc by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 285,788 shares of the health services provider’s stock valued at $9,474,000 after buying an additional 6,396 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Teladoc by 503.9% in the second quarter. Goldman Sachs Group Inc. now owns 382,167 shares of the health services provider’s stock valued at $13,261,000 after buying an additional 318,880 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Teladoc in the second quarter valued at about $58,287,000. JPMorgan Chase & Co. raised its stake in Teladoc by 24.4% in the third quarter. JPMorgan Chase & Co. now owns 3,313,729 shares of the health services provider’s stock valued at $108,193,000 after buying an additional 650,129 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Teladoc by 33.2% in the third quarter. New York State Common Retirement Fund now owns 90,513 shares of the health services provider’s stock valued at $3,001,000 after buying an additional 22,554 shares during the last quarter.

TDOC has been the subject of a number of research analyst reports. SunTrust Banks reiterated a “buy” rating and issued a $40.00 price target on shares of Teladoc in a research note on Friday, November 3rd. Deutsche Bank initiated coverage on Teladoc in a research note on Friday, December 8th. They issued a “buy” rating and a $39.00 price target for the company. Canaccord Genuity set a $42.00 price target on Teladoc and gave the company a “buy” rating in a research note on Friday, November 17th. BidaskClub cut Teladoc from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, Zacks Investment Research cut Teladoc from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.43.

In related news, CFO Mark Hirschhorn sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $32.99, for a total transaction of $989,700.00. Following the sale, the chief financial officer now directly owns 5,203 shares of the company’s stock, valued at $171,646.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jason N. Gorevic sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $32.99, for a total value of $3,299,000.00. Following the sale, the chief executive officer now directly owns 718,261 shares in the company, valued at $23,695,430.39. The disclosure for this sale can be found here. Company insiders own 4.47% of the company’s stock.

Teladoc Inc (NYSE TDOC) opened at $32.95 on Friday. Teladoc Inc has a 12 month low of $19.60 and a 12 month high of $38.40. The stock has a market capitalization of $1,885.48, a PE ratio of -22.88 and a beta of 0.49. The company has a quick ratio of 5.08, a current ratio of 5.08 and a debt-to-equity ratio of 0.83.

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Teladoc Profile

Teladoc, Inc is a telehealth company. The Company offers telehealth platform, delivering on-demand healthcare anytime, anywhere, through mobile devices, the Internet, video and phone. The Company’s solution connects its Members, with its over 3,000 board certified physicians and behavioral health professionals treating a range of conditions and cases from acute diagnoses, such as upper respiratory infection, urinary tract infection and sinusitis to dermatological conditions, anxiety and smoking cessation.

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Institutional Ownership by Quarter for Teladoc (NYSE:TDOC)

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