Barclays PLC Has $12.28 Million Stock Holdings in RLX Technology Inc. (NYSE:RLX)

Barclays PLC raised its holdings in shares of RLX Technology Inc. (NYSE:RLX - Free Report) by 5,047.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,686,433 shares of the company's stock after acquiring an additional 5,575,962 shares during the period. Barclays PLC owned approximately 0.36% of RLX Technology worth $12,282,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RLX. Janney Montgomery Scott LLC acquired a new stake in RLX Technology in the fourth quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of RLX Technology in the 4th quarter worth approximately $42,000. Catalina Capital Group LLC bought a new position in shares of RLX Technology in the fourth quarter valued at approximately $63,000. Quantbot Technologies LP acquired a new position in shares of RLX Technology during the fourth quarter valued at approximately $123,000. Finally, Russell Investments Group Ltd. raised its holdings in RLX Technology by 28.3% during the fourth quarter. Russell Investments Group Ltd. now owns 69,217 shares of the company's stock worth $150,000 after purchasing an additional 15,280 shares in the last quarter. Institutional investors and hedge funds own 22.68% of the company's stock.

RLX Technology Stock Performance

NYSE RLX traded down $0.01 on Friday, reaching $1.80. The company's stock had a trading volume of 1,213,173 shares, compared to its average volume of 4,810,043. RLX Technology Inc. has a twelve month low of $1.50 and a twelve month high of $2.69. The firm's 50 day moving average is $2.02 and its two-hundred day moving average is $1.98. The stock has a market cap of $2.83 billion, a PE ratio of 45.01 and a beta of 1.03.

RLX Technology (NYSE:RLX - Get Free Report) last issued its earnings results on Friday, March 14th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.19). The business had revenue of $111.46 million for the quarter, compared to the consensus estimate of $764.69 million. RLX Technology had a return on equity of 2.48% and a net margin of 15.70%.

Analysts Set New Price Targets

Separately, Citigroup cut 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 research report on Monday, March 17th.

About RLX Technology

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.