JPMorgan Chase & Co. lifted its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 24.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,010,619 shares of the company's stock after buying an additional 199,330 shares during the period. JPMorgan Chase & Co. owned about 0.73% of Atour Lifestyle worth $26,215,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of ATAT. Geode Capital Management LLC grew its position in Atour Lifestyle by 1.3% during the third quarter. Geode Capital Management LLC now owns 69,171 shares of the company's stock worth $1,794,000 after buying an additional 863 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Atour Lifestyle during the third quarter worth $143,000. Y Intercept Hong Kong Ltd bought a new stake in Atour Lifestyle in the third quarter worth approximately $430,000. XTX Topco Ltd boosted its holdings in Atour Lifestyle by 119.5% in the third quarter. XTX Topco Ltd now owns 46,638 shares of the company's stock worth $1,210,000 after acquiring an additional 25,390 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in Atour Lifestyle during the 3rd quarter valued at $1,251,000. Institutional investors and hedge funds own 17.79% of the company's stock.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group initiated coverage on Atour Lifestyle in a research note on Monday, December 9th. They issued a "buy" rating and a $34.40 target price on the stock.
Get Our Latest Report on ATAT
Atour Lifestyle Stock Up 2.5 %
Shares of Atour Lifestyle stock traded up $0.63 on Wednesday, hitting $25.83. The stock had a trading volume of 1,119,188 shares, compared to its average volume of 1,042,158. The stock's 50-day simple moving average is $26.67 and its two-hundred day simple moving average is $22.70. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 0.65 and a beta of 0.45. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $29.90.
About Atour Lifestyle
(
Free Report)
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.
Further Reading
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