Bailard Inc. Acquires New Holdings in Relx Plc (NYSE:RELX)

Bailard Inc. bought a new stake in shares of Relx Plc (NYSE:RELX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,693 shares of the technology company's stock, valued at approximately $589,000.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in shares of Relx by 612.5% in the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock worth $26,000 after buying an additional 441 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Relx by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock worth $30,000 after buying an additional 294 shares during the period. Cornerstone Planning Group LLC boosted its holdings in shares of Relx by 325.2% in the first quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company's stock worth $37,000 after buying an additional 530 shares during the period. Transce3nd LLC acquired a new position in shares of Relx in the fourth quarter worth about $40,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Relx by 218.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company's stock worth $44,000 after buying an additional 662 shares during the period. Institutional investors and hedge funds own 15.02% of the company's stock.

Relx Stock Down 1.1%

Shares of RELX stock traded down $0.57 during trading on Friday, hitting $52.90. 814,913 shares of the company were exchanged, compared to its average volume of 755,545. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The firm has a market capitalization of $97.16 billion, a price-to-earnings ratio of 28.44, a P/E/G ratio of 3.45 and a beta of 0.83. The business's 50-day simple moving average is $53.65 and its 200 day simple moving average is $51.13. Relx Plc has a twelve month low of $43.45 and a twelve month high of $56.33.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen cut shares of Relx from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Morgan Stanley restated an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group initiated coverage on shares of Relx in a report on Wednesday, March 26th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Relx presently has an average rating of "Buy".

Relx Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.