BlackRock Fund Advisors recently announced the acquisition of new stake in Teladoc Health Inc (NYSE:TDOC). The institutional investor has increased its shareholding in the Healthcare company by 4.28% to 7.72 million shares with purchase of 0.32 million shares. This fresh investment now brings its stake to 4.66% valued currently at $127.68 million. In addition, Renaissance Technologies LLC raised its holdings by 0.1 million to 4.51 million shares. And Dimensional Fund Advisors LP has lifted its position by 9.46% or 0.27 million shares – to 3.07 million shares.
With over 4.83 million Teladoc Health Inc (TDOC) shares trading Tuesday and a closing price of $18.51 on the day, the dollar volume was approximately $89.46 million. The shares have shown a negative half year performance of -27.07% and its price on 12/05/23 lost nearly -2.73%. Currently, there are 165.56M common shares owned by the public and among those 164.22M shares have been available to trade.
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Insiders at the company have transacted a total of 161 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 94 of these insider trades were purchases, accounting for 483,633 shares. Insider sales of the common stock occurred on 67 occasions, with total insider shares sold totaling 239,010 shares.
The top 3 mutual fund holders in Teladoc Health Inc are ARK Innovation ETF, Kinnevik AB, and Vanguard Total Stock Market ETF. ARK Innovation ETF owns 11.85 million shares of the company’s stock, all valued at over $195.94 million. The company sold 34340.0 shares recently to bring their total holdings to about 7.16% of the shares outstanding. Vanguard Total Stock Market ETF bought 12499.0 shares to bring its total holdings to over 4.89 million shares at a value of $80.96 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.96% of the shares outstanding.
Shares of Teladoc Health Inc (NYSE: TDOC) opened at $18.77, down -$0.26 from a prior closing price of $19.03. The company’s stock has a 5-day price change of 2.38% and -19.42% over the past three months. TDOC shares are trading -21.73% year to date (YTD), with the 12-month market performance down to -36.61% lower. It has a 12-month low price of $15.02 and touched a high of $34.36 over the same period. TDOC has an average intraday trading volume of 4.87 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.45%, 4.27%, and -19.43% respectively.
Institutional ownership of Teladoc Health Inc (NYSE: TDOC) shares accounts for 71.57% of the company’s 165.56M shares outstanding. Mutual fund holders own 25.90%, while other institutional holders and individual stakeholders account for 46.05% and 15.11% respectively.
It has a market capitalization of $3.06B and a beta (3y monthly) value of 1.06. The earnings-per-share (ttm) stands at -$24.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.39% over the week and 4.05% over the month.
Analysts forecast that Teladoc Health Inc (TDOC) will achieve an EPS of $Physicians Realty Trust for the current quarter, $12.31 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $EDOC while analysts give the company a high EPS estimate of $Teradata Corporation. Comparatively, EPS for the current quarter was $Goldman Sachs Future Health Car a year ago. Earnings per share for the fiscal year are expected to increase by 98.36%, and 18.52% over the next financial year.
Looking at the support for the TDOC, a number of firms have released research notes about the stock. Stephens stated their Equal-Weight rating for the stock in a research note on April 12, 2023, with the firm’s price target at $25.
