Canada Pension Plan Investment Board lifted its position in RLX Technology Inc. Sponsored ADR (NYSE:RLX - Free Report) by 49,495,580.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,474,784 shares of the company's stock after purchasing an additional 2,474,779 shares during the quarter. Canada Pension Plan Investment Board owned about 0.16% of RLX Technology worth $4,653,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Ground Swell Capital LLC purchased a new position in RLX Technology during the first quarter worth about $47,000. Headlands Technologies LLC raised its position in RLX Technology by 411.8% in the first quarter. Headlands Technologies LLC now owns 25,766 shares of the company's stock worth $48,000 after acquiring an additional 20,732 shares in the last quarter. Bayesian Capital Management LP acquired a new position in RLX Technology during the fourth quarter valued at approximately $82,000. Two Sigma Advisers LP lifted its holdings in shares of RLX Technology by 192.7% during the fourth quarter. Two Sigma Advisers LP now owns 55,900 shares of the company's stock valued at $121,000 after acquiring an additional 36,800 shares during the period. Finally, Cache Advisors LLC bought a new position in RLX Technology during the 4th quarter worth about $155,000. Institutional investors own 22.68% of the company's stock.
Wall Street Analyst Weigh In
RLX has been the subject of a number of research reports. Wall Street Zen raised RLX Technology from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Citigroup reduced their price target on RLX Technology from $2.50 to $2.25 and set a "neutral" rating on the stock in a report on Monday, May 19th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $2.25.
Check Out Our Latest Analysis on RLX Technology
RLX Technology Stock Up 4.4%
RLX Technology stock traded up $0.12 during trading hours on Monday, hitting $2.73. 9,857,502 shares of the company traded hands, compared to its average volume of 4,652,348. RLX Technology Inc. Sponsored ADR has a 1-year low of $1.57 and a 1-year high of $2.84. The firm's 50-day simple moving average is $2.31 and its two-hundred day simple moving average is $2.12. The firm has a market cap of $4.28 billion, a P/E ratio of 38.93 and a beta of 1.10.
RLX Technology (NYSE:RLX - Get Free Report) last released its quarterly earnings results on Friday, August 22nd. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.16). The firm had revenue of $122.88 million during the quarter, compared to the consensus estimate of $725.00 million. RLX Technology had a net margin of 22.32% and a return on equity of 4.54%.
RLX Technology Dividend Announcement
The firm also recently disclosed an annual dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a dividend yield of 70.0%. RLX Technology's dividend payout ratio is 14.29%.
About RLX Technology
(
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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