Jane Street Group LLC Sells 893,308 Shares of American Well Co. (NYSE:AMWL)

Jane Street Group LLC lowered its stake in American Well Co. (NYSE:AMWL - Free Report) by 98.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,798 shares of the company's stock after selling 893,308 shares during the quarter. Jane Street Group LLC owned about 0.10% of American Well worth $150,000 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 position in shares of American Well in the third quarter worth about $355,000. PDT Partners LLC acquired a new position in American Well in the third quarter valued at $107,000. Walleye Capital LLC acquired a new stake in shares of American Well during the third quarter worth $167,000. BNP Paribas Financial Markets acquired a new position in American Well during the third quarter worth about $95,000. Finally, Point72 DIFC Ltd grew its stake in American Well by 1,418.5% in the 2nd quarter. Point72 DIFC Ltd now owns 103,457 shares of the company's stock valued at $34,000 after acquiring an additional 96,644 shares during the last quarter. 56.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMWL shares. Needham & Company LLC reiterated a "hold" rating on shares of American Well in a research note on Thursday, October 31st. Wells Fargo & Company upgraded American Well from an "equal weight" rating to an "overweight" rating and set a $15.00 target price on the stock in a report on Monday. Finally, Morgan Stanley lowered their target price 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 Trading Down 6.8 %

NYSE AMWL traded down $0.58 on Tuesday, hitting $8.00. 32,000 shares of the company's stock were exchanged, compared to its average volume of 51,138. The stock has a market cap of $122.56 million, a price-to-earnings ratio of -0.55 and a beta of 1.11. The stock has a 50-day moving average of $8.38 and a 200-day moving average of $8.66. American Well Co. has a 52 week low of $5.00 and a 52 week high of $29.00.

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.