Point72 Hong Kong Ltd purchased a new position in shares of RLX Technology Inc. (NYSE:RLX - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,317,992 shares of the company's stock, valued at approximately $2,386,000. Point72 Hong Kong Ltd owned approximately 0.08% of RLX Technology at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Blue Trust Inc. boosted its position in 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 buying an additional 26,220 shares in the last quarter. Profund Advisors LLC acquired a new stake in RLX Technology in the second quarter valued at approximately $72,000. Bank of New York Mellon Corp boosted its position in RLX Technology by 36.5% in the second quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company's stock valued at $73,000 after buying an additional 10,596 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in RLX Technology in the third quarter valued at approximately $108,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of RLX Technology during the second quarter worth $146,000. Institutional investors and hedge funds own 22.68% of the company's stock.
RLX Technology Stock Performance
Shares of NYSE:RLX traded up $0.02 during mid-day trading on Monday, reaching $2.00. 1,816,089 shares of the company's stock were exchanged, compared to its average volume of 4,658,243. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 49.88 and a beta of 0.93. The business's fifty day moving average price is $1.72 and its 200-day moving average price is $1.76. RLX Technology Inc. has a twelve month low of $1.50 and a twelve month high of $2.25.
RLX Technology Dividend Announcement
The firm also recently declared an annual dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, December 6th. This represents a dividend yield of 0.59%. RLX Technology's dividend payout ratio (DPR) is presently 25.00%.
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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