State Street Corp Sells 949,827 Shares of American Well Co. (NYSE:AMWL)

State Street Corp decreased its holdings in shares of American Well Co. (NYSE:AMWL) by 95.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 45,464 shares of the company’s stock after selling 949,827 shares during the period. State Street Corp’s holdings in American Well were worth $431,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AMWL. HighTower Advisors LLC acquired a new stake in shares of American Well in the 3rd quarter worth about $355,000. PDT Partners LLC purchased a new stake in shares of American Well in the third quarter worth approximately $107,000. Walleye Capital LLC purchased a new stake in shares of American Well in the third quarter worth approximately $167,000. BNP Paribas Financial Markets bought a new position in shares of American Well in the third quarter valued at approximately $95,000. Finally, Point72 DIFC Ltd boosted its position in shares of American Well by 1,418.5% during the second quarter. Point72 DIFC Ltd now owns 103,457 shares of the company’s stock valued at $34,000 after buying an additional 96,644 shares during the last quarter. 56.05% of the stock is owned by institutional investors.

American Well Trading Up 6.3 %

AMWL stock opened at $7.48 on Friday. American Well Co. has a 1-year low of $5.00 and a 1-year high of $29.00. The stock has a market cap of $114.59 million, a P/E ratio of -0.51 and a beta of 1.07. The stock’s fifty day simple moving average is $8.66 and its two-hundred day simple moving average is $8.63.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMWL. Needham & Company LLC reaffirmed a “hold” rating on shares of American Well in a report on Thursday, October 31st. Morgan Stanley cut their price target on shares of American Well from $20.00 to $10.50 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th.

American Well Company Profile

American Well Corporation, an enterprise platform and software company, delivers digitally enabling hybrid care in the United States and internationally. The company offers Converge, a cloud-based platform that enables health providers, payers, and innovators to provide in-person, virtual and automated care; and delivers virtual primary care, post-discharge follow-up, chronic condition management, virtual nursing, e-sitting, on-demand and scheduled virtual visits, specialty consults, automated care, and behavioral health, as well as specialty care programs, including dermatology, musculoskeletal care, second opinion, and cardiometabolic care to patients and members.