Sun Sep 15 11:52:50 UTC 2024: ## Hedge Funds Show Interest in Teladoc Health, CEO Sells Shares

**New York, NY** – Teladoc Health (NYSE: TDOC), a leading virtual healthcare provider, has seen increased interest from hedge funds in recent months. MarketBeat News reports that Headlands Technologies LLC initiated a new position in Teladoc during the second quarter, purchasing 20,212 shares valued at approximately $198,000.

Several other hedge funds also boosted their positions in Teladoc during the fourth quarter of 2023, including Victory Capital Management Inc., M&T Bank Corp, Charles Schwab Investment Management Inc., Principal Securities Inc., and Teacher Retirement System of Texas. This activity suggests a growing confidence in the company’s future prospects among institutional investors.

However, Teladoc’s CEO, Laizer Kornwasser, has been selling shares in the company. He sold 10,879 shares on August 2nd for a total of $88,555.06, leaving him with 99,929 shares. This comes as Teladoc faces challenges in profitability, with a negative net margin and return on equity in the most recent quarter.

Despite these mixed signals, Teladoc’s stock opened at $8.09 on Friday, with analysts predicting a -0.73 earnings per share for the current year. The company continues to operate in a rapidly growing virtual healthcare market, with a focus on providing accessible and affordable medical services through technology.

**Stay tuned for updates on Teladoc Health’s performance and investor activity.**

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