Charles Schwab Investment Management Inc. decreased its position in RLX Technology Inc. (NYSE:RLX - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 784,414 shares of the company's stock after selling 201,892 shares during the period. Charles Schwab Investment Management Inc.'s holdings in RLX Technology were worth $1,694,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Centiva Capital LP bought a new position in RLX Technology during the 3rd quarter valued at about $29,000. Janney Montgomery Scott LLC purchased a new position in shares of RLX Technology during the fourth quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in RLX Technology during the fourth quarter valued at approximately $42,000. Catalina Capital Group LLC purchased a new stake in RLX Technology in the fourth quarter worth approximately $63,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in RLX Technology in the 3rd quarter worth approximately $108,000. 22.68% of the stock is owned by hedge funds and other institutional investors.
RLX Technology Stock Performance
Shares of NYSE RLX traded up $0.01 during midday trading on Tuesday, hitting $1.89. 1,364,146 shares of the company's stock traded hands, compared to its average volume of 4,578,215. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 47.14 and a beta of 0.93. The firm has a fifty day moving average of $2.23 and a 200 day moving average of $1.98. RLX Technology Inc. has a 1 year low of $1.50 and a 1 year high of $2.69.
RLX Technology (NYSE:RLX - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.19). RLX Technology had a net margin of 15.70% and a return on equity of 2.48%. The business had revenue of $111.46 million for the quarter, compared to the consensus estimate of $764.69 million.
Wall Street Analyst Weigh In
Separately, Citigroup downgraded RLX Technology from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $2.80 to $2.50 in a research note on Monday, March 17th.
View Our Latest Research Report on RLX
RLX Technology Company Profile
(
Free Report)
RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.
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