Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Acquired by WFM ASIA BVI Ltd

WFM ASIA BVI Ltd boosted its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 99.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,229,893 shares of the company’s stock after acquiring an additional 614,600 shares during the quarter. Atour Lifestyle makes up about 4.3% of WFM ASIA BVI Ltd’s investment portfolio, making the stock its 6th biggest position. WFM ASIA BVI Ltd’s holdings in Atour Lifestyle were worth $39,984,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in Atour Lifestyle by 1.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock worth $40,739,000 after purchasing an additional 14,453 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Atour Lifestyle by 11,289.7% during the second quarter. SG Americas Securities LLC now owns 1,390,686 shares of the company’s stock valued at $45,211,000 after acquiring an additional 1,378,476 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in 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 valued at $44,916,000 after purchasing an additional 877,153 shares during the period. 3G Capital Partners LP raised its position in Atour Lifestyle by 5.0% during the 1st quarter. 3G Capital Partners LP now owns 1,050,000 shares of the company’s stock worth $29,768,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Atour Lifestyle by 4.4% in the 1st quarter. Millennium Management LLC now owns 921,837 shares of the company’s stock valued at $26,134,000 after buying an additional 38,565 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Stock Down 1.2%

NASDAQ ATAT opened at $37.46 on Thursday. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $21.50 and a 52 week high of $42.34. The business has a 50 day moving average price of $38.30 and a 200-day moving average price of $35.24. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 1.04 and a beta of 0.79.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $344.49 million for the quarter, compared to analyst estimates of $326.00 million. Atour Lifestyle had a net margin of 16.52% and a return on equity of 45.66%. Atour Lifestyle has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on ATAT shares. Jefferies Financial Group began coverage on Atour Lifestyle in a research note on Monday, September 29th. They issued a “buy” rating and a $48.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on shares of Atour Lifestyle in a research note on Wednesday, November 12th. They set an “overweight” rating and a $57.00 target price for the company. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Zacks Research raised Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $41.92.

About Atour Lifestyle

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.