Vanguard Group Inc. lowered its position in shares of RLX Technology Inc. (NYSE:RLX - Free Report) by 6.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 27,779,248 shares of the company's stock after selling 1,890,710 shares during the quarter. Vanguard Group Inc. owned about 1.77% of RLX Technology worth $60,003,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Hosking Partners LLP raised its stake in RLX Technology by 24.8% during the 4th quarter. Hosking Partners LLP now owns 981,533 shares of the company's stock valued at $2,120,000 after acquiring an additional 194,770 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of RLX Technology by 1,239.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 801,104 shares of the company's stock valued at $1,730,000 after purchasing an additional 741,281 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of RLX Technology by 58.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,067 shares of the company's stock worth $1,108,000 after purchasing an additional 225,200 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of RLX Technology by 7.6% during the 4th quarter. SG Americas Securities LLC now owns 303,215 shares of the company's stock valued at $655,000 after acquiring an additional 21,476 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in RLX Technology by 14.5% in the third quarter. Franklin Resources Inc. now owns 293,830 shares of the company's stock valued at $497,000 after purchasing an additional 37,294 shares in the last quarter. 22.68% of the stock is currently owned by hedge funds and other institutional investors.
RLX Technology Price Performance
Shares of RLX traded up $0.02 during trading hours on Tuesday, hitting $1.70. The stock had a trading volume of 6,334,717 shares, compared to its average volume of 4,798,635. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 42.39 and a beta of 1.03. The company's fifty day moving average is $2.13 and its two-hundred day moving average is $1.99. RLX Technology Inc. has a 52 week low of $1.50 and a 52 week high of $2.69.
RLX Technology (NYSE:RLX - Get Free Report) last announced its earnings results 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 return on equity of 2.48% and a net margin of 15.70%. The business had revenue of $111.46 million during the quarter, compared to analyst estimates of $764.69 million.
Wall Street Analyst Weigh In
Separately, Citigroup downgraded RLX Technology from a "buy" rating to a "neutral" rating and lowered their price target for the company from $2.80 to $2.50 in a report on Monday, March 17th.
View Our Latest Analysis on RLX
RLX Technology 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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