5 Healthcare Stocks to Buy According to Billionaire Mario Gabelli

1. Teladoc Health, Inc. (NYSE: TDOC)

Number of Hedge Fund Holders: 43    

Teladoc Health, Inc. (NYSE: TDOC) is ranked first on our list of 10 healthcare stocks to buy according to Mario Gabelli. The company markets virtual healthcare services and is headquartered in New York. According to the latest filings, GAMCO Investors owned 162,400 shares in the company at the end of the second quarter of 2021 worth $27 million, representing 0.22% of the portfolio. 

On August 9. Investment advisory Cowen maintained an Outperform rating on Teladoc Health, Inc. (NYSE: TDOC) stock but lowered the price target to $188 from $240, noting that there were limited near-term catalysts for the shares. 

At the end of the second quarter of 2021, 43 hedge funds in the database of Insider Monkey held stakes worth $3.5 billion in Teladoc Health, Inc. (NYSE: TDOC), up from 42 in the previous quarter worth $3.3 billion.

In its Q4 2020 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and Teladoc Health, Inc. (NYSE: TDOC) was one of them. Here is what the fund said:

“Teladoc Health offers remote physician access to patients at home. After experiencing incredible levels of growth throughout the early stages of the pandemic as its unique value proposition rose to the forefront of the healthcare industry, the firm’s shares cooled off a bit as optimistic vaccine data slightly curtailed investor expectations for the firm’s future growth potential. We sold the stock.”

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