Teladoc Health Target of Unusually Large Options Trading (NYSE:TDOC)

Teladoc Health, Inc. (NYSE:TDOC) was the target of some unusual options trading on Thursday. Investors purchased 56,595 call options on the stock. This is an increase of approximately 307% compared to the average volume of 13,903 call options.

Analyst Upgrades and Downgrades

TDOC has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on Teladoc Health from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Teladoc Health from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Piper Sandler reaffirmed an “overweight” rating and set a $13.00 price objective (up from $11.00) on shares of Teladoc Health in a report on Wednesday, December 4th. The Goldman Sachs Group assumed coverage on shares of Teladoc Health in a research note on Friday, November 15th. They set a “buy” rating and a $14.00 target price for the company. Finally, Oppenheimer lowered their price objective on Teladoc Health from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Fourteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.97.

Insider Buying and Selling at Teladoc Health

In other news, insider Carlos Nueno sold 2,389 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.95% of the company’s stock.

Institutional Trading of Teladoc Health

Hedge funds have recently modified their holdings of the stock. Whipplewood Advisors LLC purchased a new position in Teladoc Health in the fourth quarter valued at approximately $29,000. Versant Capital Management Inc raised its holdings in shares of Teladoc Health by 313.8% in the fourth quarter. Versant Capital Management Inc now owns 3,219 shares of the health services provider’s stock valued at $29,000 after buying an additional 2,441 shares during the last quarter. Blue Trust Inc. increased its position in Teladoc Health by 84.5% in the 3rd quarter. Blue Trust Inc. now owns 4,048 shares of the health services provider’s stock valued at $40,000 after acquiring an additional 1,854 shares during the period. Signaturefd LLC raised its stake in Teladoc Health by 162.7% during the 3rd quarter. Signaturefd LLC now owns 7,535 shares of the health services provider’s stock valued at $69,000 after acquiring an additional 4,667 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Teladoc Health by 72.3% during the fourth quarter. KBC Group NV now owns 8,849 shares of the health services provider’s stock worth $80,000 after purchasing an additional 3,714 shares during the last quarter. 76.82% of the stock is currently owned by institutional investors and hedge funds.

Teladoc Health Stock Up 8.0 %

Shares of TDOC stock traded up $0.88 during trading on Thursday, reaching $11.88. The company’s stock had a trading volume of 12,032,052 shares, compared to its average volume of 4,415,029. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -2.07 and a beta of 1.04. Teladoc Health has a 1-year low of $6.76 and a 1-year high of $21.74. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.69. The stock’s 50-day moving average price is $10.01 and its 200 day moving average price is $9.09.

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.