D. E. Shaw & Co. Inc. boosted its position in RLX Technology Inc. (NYSE:RLX - Free Report) by 124.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,102,446 shares of the company's stock after purchasing an additional 1,166,409 shares during the period. D. E. Shaw & Co. Inc. owned about 0.13% of RLX Technology worth $4,541,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new position in shares of RLX Technology during the 4th quarter worth approximately $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of RLX Technology during the 4th quarter worth approximately $42,000. Boothbay Fund Management LLC purchased a new position in shares of RLX Technology during the 4th quarter worth approximately $43,000. Catalina Capital Group LLC purchased a new position in shares of RLX Technology during the 4th quarter worth approximately $63,000. Finally, Bayesian Capital Management LP purchased a new position in shares of RLX Technology during the 4th quarter worth approximately $82,000. 22.68% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Citigroup lowered their target price on shares of RLX Technology from $2.50 to $2.25 and set a "neutral" rating for the company in a research note on Monday.
Read Our Latest Research Report on RLX Technology
RLX Technology Price Performance
RLX stock traded down $0.04 during midday trading on Friday, hitting $1.97. The stock had a trading volume of 4,779,402 shares, compared to its average volume of 4,734,437. The firm has a market cap of $3.09 billion, a PE ratio of 49.26 and a beta of 1.03. RLX Technology Inc. has a 12-month low of $1.50 and a 12-month high of $2.69. The company's 50-day moving average price is $1.86 and its 200 day moving average price is $2.02.
RLX Technology (NYSE:RLX - Get Free Report) last released its earnings results on Friday, May 16th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.15). The firm had revenue of $111.35 million during the quarter, compared to analysts' expectations of $763.38 million. RLX Technology had a return on equity of 2.48% and a net margin of 15.70%.
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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