Man Group plc boosted its holdings in shares of RLX Technology Inc. (NYSE:RLX - Free Report) by 118.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,165,638 shares of the company's stock after buying an additional 1,718,816 shares during the period. Man Group plc owned approximately 0.20% of RLX Technology worth $6,838,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in RLX Technology in the fourth quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of RLX Technology during the 4th quarter valued at about $42,000. Boothbay Fund Management LLC purchased a new position in shares of RLX Technology during the 4th quarter valued at about $43,000. Catalina Capital Group LLC purchased a new position in shares of RLX Technology during the 4th quarter valued at about $63,000. Finally, Bayesian Capital Management LP bought a new stake in RLX Technology in the 4th quarter worth approximately $82,000. 22.68% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have commented on RLX. Wall Street Zen cut shares of RLX Technology from a "hold" rating to a "sell" rating in a research report on Saturday. Citigroup reduced their target price on shares of RLX Technology from $2.50 to $2.25 and set a "neutral" rating on the stock in a report on Monday, May 19th.
View Our Latest Stock Report on RLX Technology
RLX Technology Stock Performance
RLX stock traded down $0.04 during trading on Friday, hitting $1.97. 4,779,402 shares of the company traded hands, compared to its average volume of 4,743,143. The company has a 50-day moving average of $1.86 and a 200-day moving average of $2.02. RLX Technology Inc. has a 1 year low of $1.50 and a 1 year high of $2.69. The firm has a market capitalization of $3.09 billion, a PE ratio of 49.26 and a beta of 1.03.
RLX Technology (NYSE:RLX - Get Free Report) last issued its earnings results on Friday, May 16th. The company reported $0.02 earnings per share (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 the consensus estimate of $763.38 million. RLX Technology had a return on equity of 2.48% and a net margin of 15.70%.
RLX Technology Profile
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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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