JPMorgan Chase & Co. Increases Stock Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

JPMorgan Chase & Co. grew its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 39.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,413,593 shares of the company's stock after buying an additional 402,974 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.03% of Atour Lifestyle worth $38,012,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. William Blair Investment Management LLC purchased a new stake in Atour Lifestyle in the fourth quarter worth $24,433,000. FMR LLC raised its holdings in Atour Lifestyle by 352.7% in the 3rd 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. Jupiter Asset Management Ltd. lifted its position in shares of Atour Lifestyle by 135.2% in the 4th quarter. Jupiter Asset Management Ltd. now owns 581,300 shares of the company's stock worth $15,631,000 after purchasing an additional 334,200 shares during the period. AI Squared Management Ltd lifted its position in shares of Atour Lifestyle by 180.5% in the 4th quarter. AI Squared Management Ltd now owns 374,630 shares of the company's stock worth $10,074,000 after purchasing an additional 241,094 shares during the period. Finally, Sei Investments Co. bought a new stake in shares of Atour Lifestyle during the 4th quarter valued at about $4,325,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Stock Down 3.7 %

Shares of NASDAQ:ATAT traded down $0.86 during midday trading on Friday, reaching $22.21. The company's stock had a trading volume of 4,603,133 shares, compared to its average volume of 1,180,563. The firm has a 50 day moving average of $28.82 and a 200-day moving average of $27.43. The firm has a market capitalization of $3.06 billion, a P/E ratio of 19.15, a PEG ratio of 0.59 and a beta of 0.51. Atour Lifestyle Holdings Limited has a 12-month low of $15.22 and a 12-month high of $33.32.

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Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. The business had revenue of $285.58 million for the quarter, compared to analysts' expectations of $275.49 million. On average, research analysts predict that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on ATAT shares. Bank of America raised their price objective on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a report on Friday, March 14th. UBS Group set a $37.30 target price on Atour Lifestyle and gave the stock a "buy" rating in a research report on Thursday, March 6th.

Atour Lifestyle 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.