RLX Technology Inc. (NYSE:RLX) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of RLX Technology Inc. (NYSE:RLX - Free Report) by 1,239.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 801,104 shares of the company's stock after purchasing an additional 741,281 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of RLX Technology worth $1,730,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RLX. Point72 Asset Management L.P. boosted its holdings in shares of RLX Technology by 8,292.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company's stock valued at $2,377,000 after buying an additional 1,297,651 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of RLX Technology by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 293,830 shares of the company's stock valued at $497,000 after buying an additional 37,294 shares in the last quarter. Hosking Partners LLP boosted its holdings in shares of RLX Technology by 24.8% in the 4th quarter. Hosking Partners LLP now owns 981,533 shares of the company's stock valued at $2,120,000 after buying an additional 194,770 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of RLX Technology by 7.6% in the 4th quarter. SG Americas Securities LLC now owns 303,215 shares of the company's stock valued at $655,000 after buying an additional 21,476 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in RLX Technology in the 3rd quarter worth approximately $2,386,000. Hedge funds and other institutional investors own 22.68% of the company's stock.

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RLX Technology Stock Performance

RLX stock traded down $0.01 during trading on Friday, reaching $1.99. The company had a trading volume of 9,462,744 shares, compared to its average volume of 4,564,191. The firm has a 50-day simple moving average of $2.26 and a 200-day simple moving average of $1.97. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 49.64 and a beta of 0.93. RLX Technology Inc. has a twelve month low of $1.50 and a twelve month high of $2.69.

RLX Technology (NYSE:RLX - Get Free Report) last announced its quarterly earnings data on Friday, March 14th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $764.69 million.

Wall Street Analyst Weigh In

Separately, Citigroup cut shares of RLX Technology from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $2.80 to $2.50 in a research note on Monday, March 17th.

About RLX Technology

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.