AIA Group Ltd Grows Holdings in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

AIA Group Ltd lifted its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 822.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 99,863 shares of the company’s stock after acquiring an additional 89,043 shares during the quarter. AIA Group Ltd’s holdings in Atour Lifestyle were worth $3,754,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in Atour Lifestyle by 1.0% during the first 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. Rockefeller Capital Management L.P. purchased a new stake in shares of Atour Lifestyle in the 2nd quarter valued at $3,251,000. TD Waterhouse Canada Inc. lifted its stake in Atour Lifestyle by 1,084.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,529 shares of the company’s stock worth $574,000 after acquiring an additional 16,049 shares in the last quarter. WFM ASIA BVI Ltd lifted its stake in Atour Lifestyle by 99.9% during the 2nd quarter. WFM ASIA BVI Ltd now owns 1,229,893 shares of the company’s stock worth $39,984,000 after acquiring an additional 614,600 shares in the last quarter. Finally, Prudential PLC boosted its holdings in Atour Lifestyle by 1.5% during the 2nd quarter. Prudential PLC now owns 709,596 shares of the company’s stock valued at $23,069,000 after acquiring an additional 10,571 shares during the period. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Price Performance

Shares of NASDAQ ATAT opened at $37.98 on Friday. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 1.10 and a beta of 0.76. The stock’s 50-day moving average is $37.67 and its two-hundred day moving average is $38.72. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $21.50 and a 1-year high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Tuesday, March 17th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.08. Atour Lifestyle had a return on equity of 46.96% and a net margin of 16.58%.The business had revenue of $398.47 million during the quarter, compared to analysts’ expectations of $397.20 million. Equities research analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ATAT has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, January 21st. CLSA assumed coverage on shares of Atour Lifestyle in a research note on Friday, January 2nd. They issued an “outperform” rating and a $49.00 price objective for the company. Macquarie Infrastructure lifted their price objective on shares of Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. Zacks Research downgraded shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. Finally, Citigroup increased their target price on shares of Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.00.

About Atour Lifestyle

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.