Nomura Holdings Inc. Raises Holdings in RLX Technology Inc. Sponsored ADR $RLX

Key Points

• Nomura Holdings Inc. increased its investment in RLX Technology by 54.3%, acquiring an additional 1,954,316 shares, bringing its total holding to over 5.5 million shares valued at approximately $10.4 million.
• RLX Technology's stock received mixed ratings from analysts, with Citigroup lowering its price target to $2.25 while Wall Street Zen upgraded it from a "sell" to a "hold" rating.
• The company announced a dividend of $0.01 per share, which will be paid to shareholders on September 26, reflecting a yield of 70.0% and a payout ratio of 14.29%.

Nomura Holdings Inc. boosted its holdings in RLX Technology Inc. Sponsored ADR (NYSE:RLX - Free Report) by 54.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,555,303 shares of the company's stock after buying an additional 1,954,316 shares during the quarter. Nomura Holdings Inc. owned 0.35% of RLX Technology worth $10,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RLX. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of RLX Technology during the 4th quarter valued at about $19,297,000. Canada Pension Plan Investment Board grew its stake in shares of RLX Technology by 49,495,580.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,474,784 shares of the company's stock valued at $4,653,000 after acquiring an additional 2,474,779 shares during the period. Man Group plc grew its stake in shares of RLX Technology by 118.8% during the 4th quarter. Man Group plc now owns 3,165,638 shares of the company's stock valued at $6,838,000 after acquiring an additional 1,718,816 shares during the period. D. E. Shaw & Co. Inc. grew its stake in shares of RLX Technology by 124.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,102,446 shares of the company's stock valued at $4,541,000 after acquiring an additional 1,166,409 shares during the period. Finally, Hosking Partners LLP grew its stake in shares of RLX Technology by 113.3% during the 1st quarter. Hosking Partners LLP now owns 2,093,781 shares of the company's stock valued at $3,936,000 after acquiring an additional 1,112,248 shares during the period. Hedge funds and other institutional investors own 22.68% of the company's stock.

RLX Technology Stock Performance

RLX stock traded up $0.05 during midday trading on Friday, reaching $2.61. The company's stock had a trading volume of 3,489,496 shares, compared to its average volume of 4,623,918. The stock has a fifty day simple moving average of $2.30 and a two-hundred day simple moving average of $2.12. RLX Technology Inc. Sponsored ADR has a 1 year low of $1.57 and a 1 year high of $2.69. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 37.22 and a beta of 1.10.

RLX Technology (NYSE:RLX - Get Free Report) last posted its quarterly earnings results on Friday, August 22nd. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.16). RLX Technology had a return on equity of 4.54% and a net margin of 22.32%.The firm had revenue of $122.88 million for the quarter, compared to the consensus estimate of $725.00 million.

RLX Technology Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $0.01 dividend. This represents a yield of 70.0%. The ex-dividend date is Friday, September 12th. RLX Technology's payout ratio is 14.29%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded RLX Technology from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Citigroup reduced their price objective on shares of RLX Technology from $2.50 to $2.25 and set a "neutral" rating on the stock in a research report on Monday, May 19th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $2.25.

RLX Technology Company 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.