OVERSEA CHINESE BANKING Corp Ltd Has $11.26 Million Holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

OVERSEA CHINESE BANKING Corp Ltd trimmed its position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 45.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 418,796 shares of the company’s stock after selling 342,849 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Atour Lifestyle were worth $11,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ATAT. Citigroup Inc. lifted its stake in Atour Lifestyle by 28.9% in the third quarter. Citigroup Inc. now owns 171,908 shares of the company’s stock valued at $4,459,000 after acquiring an additional 38,524 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Atour Lifestyle during the 3rd quarter valued at $34,000. The Manufacturers Life Insurance Company lifted its stake in shares of Atour Lifestyle by 49.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 62,702 shares of the company’s stock valued at $1,626,000 after purchasing an additional 20,869 shares during the last quarter. FMR LLC boosted its holdings in Atour Lifestyle by 352.7% in the third quarter. FMR LLC now owns 889,942 shares of the company’s stock worth $23,085,000 after purchasing an additional 693,342 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Atour Lifestyle by 174.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company’s stock worth $28,965,000 after buying an additional 709,700 shares during the last quarter. Institutional investors own 17.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on ATAT shares. UBS Group set a $37.30 price target on Atour Lifestyle and gave the stock a “buy” rating in a research report on Thursday, March 6th. Bank of America boosted their target price on Atour Lifestyle from $35.30 to $36.80 and gave the stock a “buy” rating in a report on Friday, March 14th. Finally, The Goldman Sachs Group began coverage on Atour Lifestyle in a report on Monday, December 9th. They set a “buy” rating and a $34.40 price target on the stock.

Atour Lifestyle Stock Performance

Shares of NASDAQ:ATAT opened at $30.92 on Wednesday. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.32. The company has a market cap of $4.25 billion, a P/E ratio of 26.66, a P/E/G ratio of 0.59 and a beta of 0.37. The stock’s 50-day moving average is $28.52 and its 200-day moving average is $26.56.

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.