Geode Capital Management LLC Purchases 23,684 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Geode Capital Management LLC raised its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 34.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 92,855 shares of the company's stock after acquiring an additional 23,684 shares during the period. Geode Capital Management LLC owned about 0.07% of Atour Lifestyle worth $2,497,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ATAT. State Street Corp bought a new stake in Atour Lifestyle in the 3rd quarter valued at approximately $2,776,000. JPMorgan Chase & Co. raised its stake in shares of Atour Lifestyle by 24.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company's stock worth $26,215,000 after purchasing an additional 199,330 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its stake in shares of Atour Lifestyle by 11.9% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company's stock worth $626,000 after purchasing an additional 2,469 shares in the last quarter. Nkcfo LLC bought a new stake in shares of Atour Lifestyle during the 4th quarter worth approximately $538,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Atour Lifestyle during the 4th quarter worth approximately $1,344,000. Institutional investors own 17.79% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ATAT shares. Bank of America upped their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research note on Friday, March 14th. UBS Group set a $37.30 price objective on Atour Lifestyle and gave the stock a "buy" rating in a research note on Thursday, March 6th.

Atour Lifestyle Stock Performance

NASDAQ ATAT opened at $23.63 on Tuesday. The firm has a 50-day moving average of $27.61 and a 200-day moving average of $27.18. The stock has a market cap of $3.25 billion, a PE ratio of 20.37, a P/E/G ratio of 0.59 and a beta of 0.51. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.32.

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

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.

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