Marathon Trading Investment Management LLC Sells 3,000 Shares of Teladoc Health, Inc. (NYSE:TDOC)

Marathon Trading Investment Management LLC reduced its position in Teladoc Health, Inc. (NYSE:TDOC) by 20.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,000 shares of the health services provider’s stock after selling 3,000 shares during the period. Marathon Trading Investment Management LLC’s holdings in Teladoc Health were worth $109,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TDOC. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Teladoc Health by 15.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,701,161 shares of the health services provider’s stock worth $15,617,000 after purchasing an additional 228,004 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of Teladoc Health during the 3rd quarter worth $1,544,000. Massachusetts Financial Services Co. MA increased its holdings in Teladoc Health by 477.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 370,093 shares of the health services provider’s stock worth $3,397,000 after purchasing an additional 305,961 shares during the period. Geode Capital Management LLC grew its holdings in Teladoc Health by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,925,167 shares of the health services provider’s stock worth $36,042,000 after acquiring an additional 56,864 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. purchased a new stake in Teladoc Health during the third quarter worth $11,291,000. 76.82% of the stock is owned by institutional investors.

Teladoc Health Stock Down 2.4 %

Shares of Teladoc Health stock opened at $8.93 on Tuesday. The stock’s fifty day moving average is $10.61 and its 200-day moving average is $9.67. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.55 billion, a PE ratio of -1.55 and a beta of 1.27. Teladoc Health, Inc. has a 12-month low of $6.76 and a 12-month high of $15.95.

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

Analyst Ratings Changes

Several analysts have recently commented on the company. Piper Sandler decreased their price objective on Teladoc Health from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Needham & Company LLC reiterated a “hold” rating on shares of Teladoc Health in a research note on Thursday, February 27th. The Goldman Sachs Group decreased their target price on Teladoc Health from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Bank of America boosted their price objective on Teladoc Health from $11.50 to $13.50 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Oppenheimer decreased 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.26.

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.