Point72 Asset Management L.P. boosted its holdings in RLX Technology Inc. (NYSE:RLX - Free Report) by 8,292.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,313,300 shares of the company's stock after acquiring an additional 1,297,651 shares during the quarter. Point72 Asset Management L.P. owned 0.08% of RLX Technology worth $2,377,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in RLX. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of RLX Technology in the 3rd quarter worth approximately $108,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of RLX Technology during the second quarter valued at about $146,000. Point72 Hong Kong Ltd purchased a new stake in shares of RLX Technology during the 3rd quarter valued at about $2,386,000. Blue Trust Inc. raised its stake in shares of RLX Technology by 284.8% in the third quarter. Blue Trust Inc. now owns 35,428 shares of the company's stock valued at $65,000 after acquiring an additional 26,220 shares during the period. Finally, Profund Advisors LLC purchased a new stake in shares of RLX Technology during the second quarter valued at $72,000. 22.68% of the stock is currently owned by institutional investors.
RLX Technology Trading Down 3.6 %
Shares of RLX Technology stock traded down $0.07 during trading on Tuesday, hitting $1.86. 1,369,095 shares of the stock traded hands, compared to its average volume of 4,645,393. RLX Technology Inc. has a 52-week low of $1.50 and a 52-week high of $2.19. The stock's fifty day simple moving average is $1.74 and its 200 day simple moving average is $1.75. The firm has a market cap of $2.92 billion, a P/E ratio of 48.25 and a beta of 1.02.
RLX Technology Dividend Announcement
The firm also recently declared an annual dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.01 dividend. This represents a yield of 0.59%. The ex-dividend date of this dividend is Friday, December 6th. RLX Technology's dividend payout ratio is presently 25.00%.
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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