Tiger Global Shows Teladoc Position ~ market folly

Thursday, March 16, 2017

Tiger Global Shows Teladoc Position

Chase Coleman's hedge fund firm Tiger Global has filed a 13G with the SEC regarding shares of Teladoc (TDOC).  Per the filing, Tiger Global now owns 9% of TDOC with over 4.89 million shares.

This is a newly disclosed position and the filing was made due to activity on March 14th.  We recently highlighted another stock Tiger Global has been buying as well.

Per Google Finance, Teladoc is "a telehealth company. The Company offers telehealth platform, delivering on-demand healthcare anytime, anywhere, through mobile devices, the Internet, video and phone. The Company operates through health services segment. Its solution connects its Members, with its over 3,000 board-certified physicians and behavioral health professionals who treat a range of conditions and cases from acute diagnoses, such as upper respiratory infection, urinary tract infection and sinusitis to dermatological conditions, anxiety and smoking cessation. Its enterprise scale platform is offered for real-time sharing of clinical and non-clinical data in real time among the Teladoc constituents, which include Members, Providers, physician network operations center staff, nurses, SureScripts for electronic medication prescription writing, routing and fulfillment and health plans for claims processing, clinical summaries and clinical alerts."

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