Pictet Asset Management Holding SA Buys 13,244 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Pictet Asset Management Holding SA raised its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 71.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,814 shares of the company’s stock after purchasing an additional 13,244 shares during the period. Pictet Asset Management Holding SA’s holdings in Atour Lifestyle were worth $1,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its stake in Atour Lifestyle by 651.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock valued at $25,000 after buying an additional 580 shares during the last quarter. Assetmark Inc. acquired a new position in Atour Lifestyle during the 3rd quarter worth $37,000. Quarry LP acquired a new position in Atour Lifestyle during the 3rd quarter worth $66,000. Asset Management One Co. Ltd. bought a new stake in Atour Lifestyle during the third quarter valued at about $113,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Atour Lifestyle in the third quarter valued at about $118,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ATAT has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. UBS Group reaffirmed a “buy” rating on shares of Atour Lifestyle in a report on Tuesday, March 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $45.00 price target on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Atour Lifestyle in a report on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Atour Lifestyle Price Performance

NASDAQ ATAT opened at $37.97 on Wednesday. The company’s fifty day moving average is $37.20 and its two-hundred day moving average is $38.52. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $25.02 and a 52-week high of $43.17. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 1.13 and a beta of 0.72.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Tuesday, March 17th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.08. Atour Lifestyle had a net margin of 16.58% and a return on equity of 46.96%. The business had revenue of $398.47 million during the quarter, compared to analyst estimates of $397.20 million. As a group, sell-side analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.02 earnings per share for the current fiscal year.

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.