JPMorgan Chase & Co. lowered its stake in shares of RLX Technology Inc. (NYSE:RLX - Free Report) by 6.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,049,125 shares of the company's stock after selling 1,077,881 shares during the quarter. JPMorgan Chase & Co. owned 0.96% of RLX Technology worth $27,239,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in RLX. Point72 Asset Management L.P. grew its holdings in RLX Technology by 8,292.2% in the third quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company's stock worth $2,377,000 after purchasing an additional 1,297,651 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of RLX Technology by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 293,830 shares of the company's stock worth $497,000 after acquiring an additional 37,294 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of RLX Technology during the 3rd quarter valued at about $108,000. Point72 Hong Kong Ltd purchased a new position in shares of RLX Technology during the 3rd quarter valued at approximately $2,386,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in RLX Technology during the second quarter worth $146,000. 22.68% of the stock is owned by hedge funds and other institutional investors.
RLX Technology Price Performance
Shares of NYSE RLX remained flat at $2.20 during midday trading on Wednesday. The stock had a trading volume of 3,762,563 shares, compared to its average volume of 6,617,893. The company's 50-day simple moving average is $1.89 and its 200 day simple moving average is $1.78. The firm has a market capitalization of $3.46 billion, a P/E ratio of 55.01 and a beta of 0.97. RLX Technology Inc. has a 1-year low of $1.50 and a 1-year high of $2.31.
RLX Technology Dividend Announcement
The company also recently announced an annual dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.01 per share. This represents a yield of 0.59%. The ex-dividend date was Friday, December 6th. 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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