Teachers Advisors LLC Boosts Stake in Teladoc Inc (TDOC)

Teachers Advisors LLC grew its holdings in Teladoc Inc (NYSE:TDOC) by 75.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 722,234 shares of the health services provider’s stock after purchasing an additional 311,591 shares during the period. Teachers Advisors LLC owned approximately 1.27% of Teladoc worth $25,170,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American International Group Inc. increased its holdings in Teladoc by 8.1% during the 3rd quarter. American International Group Inc. now owns 36,079 shares of the health services provider’s stock worth $1,196,000 after acquiring an additional 2,697 shares during the period. Emerald Advisers Inc. PA increased its holdings in Teladoc by 0.5% during the 4th quarter. Emerald Advisers Inc. PA now owns 566,096 shares of the health services provider’s stock worth $19,728,000 after acquiring an additional 2,784 shares during the period. SG Americas Securities LLC bought a new stake in Teladoc during the 4th quarter worth approximately $101,000. Brown Advisory Inc. increased its holdings in Teladoc by 38.3% during the 3rd quarter. Brown Advisory Inc. now owns 10,521 shares of the health services provider’s stock worth $348,000 after acquiring an additional 2,915 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Teladoc by 7.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 48,941 shares of the health services provider’s stock worth $1,622,000 after acquiring an additional 3,442 shares during the period.

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A number of research firms recently weighed in on TDOC. KeyCorp reaffirmed a “buy” rating and set a $41.00 target price on shares of Teladoc in a report on Wednesday, January 10th. Jefferies Group began coverage on shares of Teladoc in a report on Friday, January 26th. They set a “buy” rating and a $40.00 target price on the stock. ValuEngine raised shares of Teladoc from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Deutsche Bank lowered shares of Teladoc from a “buy” rating to a “hold” rating and set a $45.00 target price on the stock. in a report on Thursday, March 15th. Finally, Citigroup began coverage on shares of Teladoc in a report on Thursday, January 4th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $41.36.

In other news, CEO Jason N. Gorevic sold 40,000 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $43.27, for a total value of $1,730,800.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark Hirschhorn sold 100,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $39.60, for a total transaction of $3,960,000.00. Following the completion of the transaction, the chief financial officer now directly owns 98,960 shares in the company, valued at approximately $3,918,816. The disclosure for this sale can be found here. Insiders sold a total of 364,494 shares of company stock worth $14,665,947 in the last three months. Insiders own 4.47% of the company’s stock.

Teladoc stock opened at $42.30 on Friday. Teladoc Inc has a twelve month low of $22.73 and a twelve month high of $44.65. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 0.37.

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About Teladoc

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.

Institutional Ownership by Quarter for Teladoc (NYSE:TDOC)

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