State Street Corp Has $431,000 Position in American Well Co. (NYSE:AMWL)

State Street Corp cut its holdings in shares of American Well Co. (NYSE:AMWL) by 95.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,464 shares of the company’s stock after selling 949,827 shares during the period. State Street Corp owned about 0.30% of American Well worth $431,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AMWL. Renaissance Technologies LLC increased its holdings in American Well by 63.9% in the second quarter. Renaissance Technologies LLC now owns 6,833,500 shares of the company’s stock valued at $2,220,000 after purchasing an additional 2,665,300 shares during the period. Acadian Asset Management LLC grew its position in shares of American Well by 80.5% in the 2nd quarter. Acadian Asset Management LLC now owns 3,761,310 shares of the company’s stock valued at $1,220,000 after buying an additional 1,677,505 shares during the last quarter. Rock Point Advisors LLC increased its stake in shares of American Well by 1.9% in the second quarter. Rock Point Advisors LLC now owns 2,308,617 shares of the company’s stock valued at $750,000 after buying an additional 43,500 shares during the period. AQR Capital Management LLC raised its position in shares of American Well by 28.1% during the second quarter. AQR Capital Management LLC now owns 1,895,730 shares of the company’s stock worth $616,000 after acquiring an additional 416,387 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of American Well by 2,690.2% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 419,841 shares of the company’s stock worth $136,000 after acquiring an additional 404,794 shares during the period. 56.05% of the stock is owned by institutional investors.

American Well Trading Up 6.3 %

NYSE:AMWL opened at $7.48 on Friday. The firm has a fifty day simple moving average of $8.66 and a two-hundred day simple moving average of $8.63. American Well Co. has a 12 month low of $5.00 and a 12 month high of $29.00. The stock has a market capitalization of $114.59 million, a price-to-earnings ratio of -0.51 and a beta of 1.07.

Analysts Set New Price Targets

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

American Well 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.