Adams Street Partners adds Teladoc Inc (TDOC) to its portfolio

Teladoc Inc (TDOC) : Adams Street Partners added new position in Teladoc Inc during the most recent quarter end. The investment management firm now holds 101,778 shares of Teladoc Inc which is valued at $1 Million , the company said in a statement filed on May 12, 2016 with the SEC.Teladoc Inc makes up approximately 0.19% of Adams Street Partners’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors reduced its stake in TDOC by selling 3,300 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 432,424 shares of TDOC which is valued at $4.3 Million. Botty Investors added TDOC to its portfolio by purchasing 266 company shares during the most recent quarter which is valued at $2,673.Swiss National Bank boosted its stake in TDOC in the latest quarter, The investment management firm added 21,100 additional shares and now holds a total of 31,200 shares of Teladoc Inc which is valued at $338,520.Gilder Gagnon Howe Co reduced its stake in TDOC by selling 524 shares or 0.42% in the most recent quarter. The Hedge Fund company now holds 124,256 shares of TDOC which is valued at $1.3 Million. Teladoc Inc makes up approx 0.03% of Gilder Gagnon Howe Co’s portfolio.

Teladoc Inc opened for trading at $9.71 and hit $9.78 on the upside on Friday, eventually ending the session at $9.77, with a gain of 0.51% or 0.05 points. The heightened volatility saw the trading volume jump to 1,89,032 shares. Company has a market cap of $378,206 M.

On the company’s financial health, Teladoc Inc reported $-0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $-0.38. The company had revenue of $26.90 million for the quarter, compared to analysts expectations of $26.64 million. The company’s revenue was up 63.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-5.87 EPS.

Teladoc Inc. is a telehealth company. The Company offers an on-demand healthcare platform through mobile devices Internet video and phone. Its solution connects consumers with physicians and behavioral health professionals or its providers who treat various conditions and cases from acute diagnoses such as upper respiratory infection urinary tract infection and sinusitis to dermatological conditions anxiety and smoking cessation. The Teladoc solution enables accessing on-demand healthcare for employers health plans and health systems. Its platform provides accessing physicians clinical programs and consumer engagement strategies. Its platform provides for interconnectivity between healthcare constituents. It offers solutions such as remote patient monitoring post-discharge treatment plan adherence and in-home and chronic care. Its customers also include channel partners such as brokers resellers and consultants who sell into a range of small medium and large enterprises.

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