Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its position in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 38.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,025,828 shares of the company’s stock after selling 628,292 shares during the period. JPMorgan Chase & Co.’s holdings in Atour Lifestyle were worth $38,561,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. New York State Common Retirement Fund grew its holdings in shares of Atour Lifestyle by 3.7% during the 3rd quarter. New York State Common Retirement Fund now owns 14,100 shares of the company’s stock worth $530,000 after purchasing an additional 500 shares during the period. TD Waterhouse Canada Inc. grew its stake in Atour Lifestyle by 3.2% during the third quarter. TD Waterhouse Canada Inc. now owns 18,084 shares of the company’s stock worth $659,000 after buying an additional 555 shares during the period. Hollencrest Capital Management acquired a new stake in shares of Atour Lifestyle in the second quarter worth $29,000. Assetmark Inc. purchased a new position in shares of Atour Lifestyle in the 3rd quarter valued at $37,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Atour Lifestyle by 3.8% during the 2nd quarter. Squarepoint Ops LLC now owns 29,458 shares of the company’s stock valued at $958,000 after acquiring an additional 1,073 shares in the last quarter. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Atour Lifestyle Stock Performance

NASDAQ:ATAT opened at $39.27 on Friday. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 0.84 and a beta of 0.80. Atour Lifestyle Holdings Limited Sponsored ADR has a one year low of $21.50 and a one year high of $43.17. The business’s 50-day simple moving average is $38.96 and its 200 day simple moving average is $38.65.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Atour Lifestyle had a return on equity of 44.62% and a net margin of 16.21%.The company had revenue of $368.95 million for the quarter, compared to the consensus estimate of $340.27 million. On average, equities research analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ATAT shares. Macquarie Infrastructure increased their price target on Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. started coverage on Atour Lifestyle in a research report on Wednesday, November 12th. They issued an “overweight” rating and a $57.00 target price for the company. Zacks Research downgraded Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. CLSA assumed coverage on Atour Lifestyle in a report on Friday, January 2nd. They issued an “outperform” rating and a $49.00 price target for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.30.

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.