RLX Technology Inc. Sponsored ADR (NYSE:RLX) Shares Bought by Hosking Partners LLP

Key Points

• Hosking Partners LLP increased its stake in RLX Technology by 113.3% in the first quarter, acquiring over 1 million additional shares, bringing its total holdings to approximately 2.09 million shares valued at nearly $3.94 million.
• Other hedge funds, notably Barclays PLC and Man Group plc, also significantly increased their holdings in RLX Technology during the previous quarter, highlighting growing institutional interest in the company.
• RLX Technology's stock has faced challenges, reporting lower-than-expected earnings with an EPS of $0.02 for the latest quarter, falling short of the consensus estimate of $0.17.

Hosking Partners LLP raised its stake in RLX Technology Inc. Sponsored ADR (NYSE:RLX - Free Report) by 113.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,093,781 shares of the company's stock after buying an additional 1,112,248 shares during the period. Hosking Partners LLP owned about 0.13% of RLX Technology worth $3,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of RLX Technology by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 27,935,598 shares of the company's stock valued at $52,519,000 after purchasing an additional 156,350 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of RLX Technology in the 4th quarter worth approximately $19,297,000. Barclays PLC lifted its position in shares of RLX Technology by 5,047.4% in the 4th quarter. Barclays PLC now owns 5,686,433 shares of the company's stock worth $12,282,000 after purchasing an additional 5,575,962 shares during the period. Oasis Management Co Ltd. lifted its position in shares of RLX Technology by 9.5% in the 4th quarter. Oasis Management Co Ltd. now owns 5,592,665 shares of the company's stock worth $12,080,000 after purchasing an additional 484,542 shares during the period. Finally, Nomura Holdings Inc. lifted its position in shares of RLX Technology by 86.1% in the 4th quarter. Nomura Holdings Inc. now owns 3,600,987 shares of the company's stock worth $7,778,000 after purchasing an additional 1,665,518 shares during the period. 22.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RLX has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of RLX Technology from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Citigroup reduced their price objective 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, May 19th.

RLX Technology Price Performance

NYSE:RLX traded down $0.04 during trading hours on Wednesday, hitting $2.17. 1,059,619 shares of the company were exchanged, compared to its average volume of 4,680,124. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 36.09 and a beta of 1.09. RLX Technology Inc. Sponsored ADR has a 52-week low of $1.56 and a 52-week high of $2.69. The company's 50 day moving average price is $2.23 and its 200-day moving average price is $2.11.

RLX Technology (NYSE:RLX - Get Free Report) last released its earnings results on Friday, May 16th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.15). The company had revenue of $111.35 million for the quarter, compared to analysts' expectations of $763.38 million. RLX Technology had a return on equity of 4.05% and a net margin of 21.38%.

RLX Technology Profile

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.