American Well Co. (NYSE:AMWL) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in American Well Co. (NYSE:AMWL - Free Report) by 94.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,003 shares of the company's stock after selling 2,691,117 shares during the quarter. Geode Capital Management LLC owned about 0.96% of American Well worth $1,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMWL. Renaissance Technologies LLC grew its position in American Well by 63.9% in the second quarter. Renaissance Technologies LLC now owns 6,833,500 shares of the company's stock worth $2,220,000 after acquiring an additional 2,665,300 shares in the last quarter. Acadian Asset Management LLC lifted its position in American Well by 80.5% in the second quarter. Acadian Asset Management LLC now owns 3,761,310 shares of the company's stock worth $1,220,000 after buying an additional 1,677,505 shares during the last quarter. AQR Capital Management LLC boosted its stake in 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 buying an additional 416,387 shares during the period. Point72 Asia Singapore Pte. Ltd. raised 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 valued at $136,000 after acquiring an additional 404,794 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in American Well by 7,673.8% in the second quarter. Cubist Systematic Strategies LLC now owns 184,083 shares of the company's stock worth $60,000 after purchasing an additional 181,715 shares during the last quarter. Institutional investors own 56.05% of the company's stock.

American Well Trading Down 0.5 %

Shares of American Well stock traded down $0.04 during trading on Friday, hitting $7.25. 22,283 shares of the stock traded hands, compared to its average volume of 38,847. The stock's fifty day simple moving average is $8.41 and its 200 day simple moving average is $8.63. The firm has a market cap of $111.07 million, a P/E ratio of -0.50 and a beta of 1.11. American Well Co. has a 52-week low of $5.00 and a 52-week high of $29.00.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMWL. Needham & Company LLC reaffirmed a "hold" rating on shares of American Well in a research report on Thursday, October 31st. Morgan Stanley reduced 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 research note 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.