317,500 Shares in RLX Technology Inc. Sponsored ADR $RLX Acquired by Nuveen LLC

Key Points

• Nuveen LLC has established a new position in RLX Technology Inc., acquiring 317,500 shares valued at approximately $597,000 during the first quarter.
• RLX Technology recently reported earnings of $0.02 per share, significantly below the consensus estimate of $0.18, with projected revenue of $122.88 million against expectations of $725 million.
• The company announced an annual dividend of $0.01 per share, set to be paid on September 26th, with a payout ratio of 14.29% and a yield of 70.0%.

Nuveen LLC acquired a new stake in shares of RLX Technology Inc. Sponsored ADR (NYSE:RLX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 317,500 shares of the company's stock, valued at approximately $597,000.

A number of other large investors have also recently added to or reduced their stakes in RLX. Man Group plc boosted its stake in RLX Technology by 118.8% in the fourth quarter. Man Group plc now owns 3,165,638 shares of the company's stock valued at $6,838,000 after buying an additional 1,718,816 shares in the last quarter. Nomura Holdings Inc. lifted its position in RLX Technology by 86.1% during the fourth quarter. Nomura Holdings Inc. now owns 3,600,987 shares of the company's stock valued at $7,778,000 after purchasing an additional 1,665,518 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in 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 in the last quarter. Hosking Partners LLP raised its holdings in RLX Technology by 113.3% during the first quarter. Hosking Partners LLP now owns 2,093,781 shares of the company's stock worth $3,936,000 after purchasing an additional 1,112,248 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in RLX Technology by 1,127.4% during the fourth quarter. Two Sigma Investments LP now owns 1,158,917 shares of the company's stock worth $2,503,000 after acquiring an additional 1,064,500 shares during the last quarter. Institutional investors own 22.68% of the company's stock.

RLX Technology Stock Up 4.4%

RLX traded up $0.12 on Monday, hitting $2.73. 8,526,005 shares of the company traded hands, compared to its average volume of 4,645,278. The stock has a market capitalization of $4.28 billion, a PE ratio of 38.93 and a beta of 1.10. The company has a 50 day moving average of $2.31 and a 200-day moving average of $2.12. RLX Technology Inc. Sponsored ADR has a 12-month low of $1.57 and a 12-month high of $2.84.

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 the consensus estimate of $0.18 by ($0.16). The business had revenue of $122.88 million during the quarter, compared to analyst estimates of $725.00 million. RLX Technology had a return on equity of 4.54% and a net margin of 22.32%.

RLX Technology Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a $0.01 dividend. This represents a dividend yield of 70.0%. The ex-dividend date is Friday, September 12th. RLX Technology's dividend payout ratio (DPR) is 14.29%.

Wall Street Analysts Forecast Growth

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

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.