Teladoc Health Sees Unusually Large Options Volume (NYSE:TDOC)

Teladoc Health, Inc. (NYSE:TDOC) was the target of unusually large options trading activity on Thursday. Stock traders bought 56,595 call options on the stock. This represents an increase of 307% compared to the typical daily volume of 13,903 call options.

Analyst Ratings Changes

Several research firms recently commented on TDOC. Deutsche Bank Aktiengesellschaft upped their target price on Teladoc Health from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their target price on shares of Teladoc Health from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Oppenheimer cut their target price on Teladoc Health from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. TD Cowen decreased their target price on Teladoc Health from $9.00 to $8.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Finally, Bank of America lifted their price target on shares of Teladoc Health from $10.50 to $11.50 and gave the company a “neutral” rating in a research report on Thursday. Fourteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Teladoc Health presently has a consensus rating of “Hold” and a consensus price target of $11.97.

Insider Activity at Teladoc Health

In other news, insider Carlos Nueno sold 2,389 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $11.93, for a total value of $28,500.77. Following the completion of the transaction, the insider now owns 2,890 shares of the company’s stock, valued at $34,477.70. The trade was a 45.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.95% of the stock is owned by corporate insiders.

Institutional Trading of Teladoc Health

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Teladoc Health by 84.5% in the 3rd quarter. Blue Trust Inc. now owns 4,048 shares of the health services provider’s stock worth $40,000 after purchasing an additional 1,854 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Teladoc Health by 21.4% in the 4th quarter. Jones Financial Companies Lllp now owns 11,792 shares of the health services provider’s stock worth $107,000 after acquiring an additional 2,079 shares during the period. Versant Capital Management Inc lifted its position 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 purchasing an additional 2,441 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Teladoc Health by 43.8% during the 4th quarter. Westside Investment Management Inc. now owns 9,200 shares of the health services provider’s stock valued at $84,000 after purchasing an additional 2,800 shares during the period. Finally, Private Advisor Group LLC grew its position in Teladoc Health by 26.9% in the 3rd quarter. Private Advisor Group LLC now owns 13,990 shares of the health services provider’s stock worth $128,000 after purchasing an additional 2,962 shares during the last quarter. 76.82% of the stock is owned by institutional investors.

Teladoc Health Stock Up 8.0 %

Shares of TDOC traded up $0.88 during midday trading on Thursday, hitting $11.88. The company had a trading volume of 12,032,052 shares, compared to its average volume of 4,415,029. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -2.07 and a beta of 1.04. The company’s 50 day moving average price is $10.01 and its 200 day moving average price is $9.09. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.66. Teladoc Health has a 52 week low of $6.76 and a 52 week high of $21.74.

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.