FIL Ltd lessened its holdings in shares of RLX Technology Inc. (NYSE:RLX - Free Report) by 32.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 458,319 shares of the company's stock after selling 220,365 shares during the quarter. FIL Ltd's holdings in RLX Technology were worth $990,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in RLX Technology in the 4th quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of RLX Technology in the 4th quarter valued at approximately $42,000. Catalina Capital Group LLC bought a new position in RLX Technology during the 4th quarter valued at about $63,000. Quantbot Technologies LP bought a new stake in shares of RLX Technology during the fourth quarter worth $123,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of RLX Technology in the third quarter valued at approximately $118,000. Institutional investors own 22.68% of the company's stock.
RLX Technology Stock Performance
NYSE:RLX traded down $0.01 during mid-day trading on Wednesday, hitting $1.69. The stock had a trading volume of 4,818,723 shares, compared to its average volume of 4,807,780. The company's 50 day simple moving average is $2.12 and its 200 day simple moving average is $1.99. RLX Technology Inc. has a twelve month low of $1.50 and a twelve month high of $2.69. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 42.14 and a beta of 1.03.
RLX Technology (NYSE:RLX - Get Free Report) last announced 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). The firm had revenue of $111.46 million for the quarter, compared to analyst estimates of $764.69 million. RLX Technology had a return on equity of 2.48% and a net margin of 15.70%.
Analyst Ratings Changes
Separately, Citigroup downgraded shares of RLX Technology from a "buy" rating to a "neutral" rating and lowered their target price for the company from $2.80 to $2.50 in a research note on Monday, March 17th.
View Our Latest Stock Analysis on RLX Technology
About RLX Technology
(
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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