Prudential Financial Inc. reduced its position in Teladoc Health Inc (NYSE:TDOC) by 54.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,000 shares of the health services provider’s stock after selling 105,890 shares during the quarter. Prudential Financial Inc. owned approximately 0.13% of Teladoc Health worth $7,599,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new position in Teladoc Health in the third quarter worth $165,000. We Are One Seven LLC bought a new position in Teladoc Health in the third quarter worth $225,000. Atria Investments LLC bought a new position in Teladoc Health in the third quarter worth $228,000. FineMark National Bank & Trust bought a new position in Teladoc Health in the third quarter worth $261,000. Finally, Bradley Foster & Sargent Inc. CT bought a new position in Teladoc Health in the third quarter worth $263,000.

In other news, CEO Jason N. Gorevic sold 25,000 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $75.05, for a total value of $1,876,250.00. Following the completion of the sale, the chief executive officer now directly owns 536,184 shares in the company, valued at $40,240,609.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephany Verstraete sold 18,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $74.79, for a total value of $1,346,220.00. Following the completion of the sale, the insider now owns 13,925 shares of the company’s stock, valued at $1,041,450.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 245,929 shares of company stock valued at $17,034,023. Company insiders own 3.95% of the company’s stock.

TDOC has been the subject of several research reports. KeyCorp raised their target price on Teladoc Health from $74.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, August 27th. MED raised their target price on Teladoc Health from $68.00 to $89.00 and gave the stock an “outperform” rating in a research report on Friday, September 28th. Citigroup raised their target price on Teladoc Health from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. Jefferies Financial Group set a $90.00 target price on Teladoc Health and gave the stock a “buy” rating in a research report on Friday, September 28th. Finally, Craig Hallum lifted their price objective on Teladoc Health from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, October 15th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $85.06.

Shares of NYSE TDOC opened at $55.81 on Friday. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of -33.82 and a beta of 0.92. Teladoc Health Inc has a 52-week low of $30.88 and a 52-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.

Teladoc Health (NYSE:TDOC) last issued its quarterly earnings data on Thursday, November 1st. The health services provider reported ($0.34) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.36) by $0.02. The company had revenue of $111.00 million during the quarter, compared to analysts’ expectations of $109.94 million. Teladoc Health had a negative return on equity of 14.05% and a negative net margin of 31.32%. The business’s revenue was up 61.6% on a year-over-year basis. During the same period last year, the business earned ($0.55) earnings per share. As a group, sell-side analysts predict that Teladoc Health Inc will post -1.47 earnings per share for the current year.

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

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