Prudential PLC Purchases 112,751 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Prudential PLC boosted its position in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 15.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 822,347 shares of the company’s stock after acquiring an additional 112,751 shares during the period. Prudential PLC owned 0.60% of Atour Lifestyle worth $30,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATAT. Greenwoods Asset Management Hong Kong Ltd. lifted its stake in Atour Lifestyle by 986.9% in the 3rd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,290,136 shares of the company’s stock worth $86,086,000 after purchasing an additional 2,079,436 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Atour Lifestyle by 11,289.7% during the 2nd quarter. SG Americas Securities LLC now owns 1,390,686 shares of the company’s stock valued at $45,211,000 after purchasing an additional 1,378,476 shares in the last quarter. Tree Line Advisors Hong Kong Ltd. bought a new position in shares of Atour Lifestyle in the second quarter worth $29,259,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Atour Lifestyle by 173.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,381,600 shares of the company’s stock worth $44,916,000 after purchasing an additional 877,153 shares during the period. Finally, Norges Bank purchased a new stake in shares of Atour Lifestyle in the second quarter worth $27,627,000. Institutional investors own 17.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. CLSA initiated coverage on Atour Lifestyle in a research note on Friday, January 2nd. They set an “outperform” rating and a $49.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a report on Wednesday, January 21st. Zacks Research downgraded Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. Citigroup boosted their price objective on Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Finally, Macquarie Infrastructure upped their price objective on shares of Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Atour Lifestyle currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.60.

Atour Lifestyle Price Performance

NASDAQ:ATAT opened at $35.24 on Friday. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 0.72 and a beta of 0.76. The business has a 50 day moving average of $38.05 and a 200 day moving average of $38.76. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $21.50 and a 1-year high of $43.17.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company’s core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.