OVERSEA CHINESE BANKING Corp Ltd Has $20.14 Million Stock Holdings in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

OVERSEA CHINESE BANKING Corp Ltd raised its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 12.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 619,621 shares of the company’s stock after buying an additional 69,529 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Atour Lifestyle were worth $20,140,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. acquired a new position in Atour Lifestyle in the 1st quarter valued at approximately $68,322,000. Goldman Sachs Group Inc. increased its stake 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 valued at $40,739,000 after buying an additional 14,453 shares during the period. 3G Capital Partners LP increased its stake in Atour Lifestyle by 5.0% in the 1st quarter. 3G Capital Partners LP now owns 1,050,000 shares of the company’s stock valued at $29,768,000 after buying an additional 50,000 shares during the period. Millennium Management LLC increased its stake in 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 period. Finally, Walleye Capital LLC increased its stake in Atour Lifestyle by 400.8% in the 1st quarter. Walleye Capital LLC now owns 897,429 shares of the company’s stock valued at $25,442,000 after buying an additional 718,240 shares during the period. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Stock Up 1.1%

Shares of ATAT opened at $39.80 on Monday. The company’s fifty day moving average is $37.68 and its 200-day moving average is $33.29. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 1.30 and a beta of 0.79. Atour Lifestyle Holdings Limited Sponsored ADR has a 12 month low of $21.50 and a 12 month high of $40.39.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The business had revenue of $344.49 million during the quarter, compared to the consensus estimate 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. As a group, research analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Zacks Research upgraded shares of Atour Lifestyle from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Friday. Finally, Jefferies Financial Group started coverage on shares of Atour Lifestyle in a research note on Monday, September 29th. They set a “buy” rating and a $48.00 price target on the stock. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.90.

Atour Lifestyle Company Profile

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.