WFM ASIA BVI Ltd Buys Shares of 3,131,291 Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• WFM ASIA BVI Ltd. acquired 3.13 million Atour Lifestyle shares in the second quarter, worth approximately $99.6 million and representing about 2.28% of the company. Atour now accounts for 15% of the investor’s portfolio.
• Atour reported quarterly earnings of $0.60 per share, beating estimates of $0.57, while revenue of $513.7 million exceeded the $484.6 million consensus forecast.
• Shares recently traded at $37, up 5.4%. Analysts maintain a “Moderate Buy” consensus, with eight Buy ratings, one Hold rating, and an average price target of $48.

WFM ASIA BVI Ltd bought a new position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,131,291 shares of the company's stock, valued at approximately $99,575,000. Atour Lifestyle comprises 15.0% of WFM ASIA BVI Ltd's portfolio, making the stock its 5th biggest holding. WFM ASIA BVI Ltd owned approximately 2.28% of Atour Lifestyle as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Oddo BHF Asset Management Sas bought a new stake in shares of Atour Lifestyle during the 1st quarter valued at approximately $398,000. Lazard Asset Management LLC boosted its position in Atour Lifestyle by 3.6% in the first quarter. Lazard Asset Management LLC now owns 434,608 shares of the company's stock valued at $15,998,000 after buying an additional 15,214 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Atour Lifestyle during the first quarter worth $10,171,000. CI Investments Inc. bought a new stake in shares of Atour Lifestyle during the first quarter worth $14,028,000. Finally, Temasek Holdings Private Ltd acquired a new position in shares of Atour Lifestyle during the first quarter worth $2,880,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Trading Up 5.4%

Shares of ATAT stock opened at $37.00 on Thursday. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $30.77 and a 1-year high of $43.17. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 0.97 and a beta of 0.64. The stock has a 50-day moving average of $33.18 and a 200-day moving average of $35.60.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%.The company had revenue of $513.74 million for the quarter, compared to analyst estimates of $484.56 million. Sell-side analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

ATAT has been the subject of a number of research reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Atour Lifestyle in a research note on Thursday, August 13th. Zacks Research lowered Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Atour Lifestyle presently has an average rating of "Moderate Buy" and an average target price of $48.00.

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.

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