RLX Technology Inc. Sponsored ADR (NYSE:RLX) Shares Purchased by BRIGHT VALLEY CAPITAL Ltd

Key Points

• BRIGHT VALLEY CAPITAL Ltd increased its holdings in RLX Technology Inc. by 7.5%, owning 9,605,371 shares worth approximately $18 million, making it the fifth largest holding in their portfolio.
• Several institutional investors significantly boosted their stakes in RLX Technology during the fourth quarter, with Barclays PLC and Two Sigma Investments LP increasing their positions by 5,047.4% and 1,127.4%, respectively.
• RLX Technology reported a quarterly earnings miss with $0.02 EPS compared to the consensus estimate of $0.17, alongside revenue of $111.35 million against a projection of $763.38 million.

BRIGHT VALLEY CAPITAL Ltd boosted its position in RLX Technology Inc. Sponsored ADR (NYSE:RLX - Free Report) by 7.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,605,371 shares of the company's stock after purchasing an additional 671,639 shares during the period. RLX Technology makes up about 6.1% of BRIGHT VALLEY CAPITAL Ltd's portfolio, making the stock its 5th largest holding. BRIGHT VALLEY CAPITAL Ltd owned 0.61% of RLX Technology worth $18,058,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of RLX Technology by 5,047.4% in the fourth quarter. Barclays PLC now owns 5,686,433 shares of the company's stock valued at $12,282,000 after buying an additional 5,575,962 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of RLX Technology by 1,127.4% in 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. Northern Trust Corp increased its stake in shares of RLX Technology by 56.6% in the fourth quarter. Northern Trust Corp now owns 862,499 shares of the company's stock worth $1,863,000 after acquiring an additional 311,869 shares during the last quarter. Millennium Management LLC increased its position in RLX Technology by 40.1% during the fourth quarter. Millennium Management LLC now owns 3,459,960 shares of the company's stock worth $7,474,000 after buying an additional 991,100 shares during the last quarter. Finally, Man Group plc increased its position in RLX Technology by 118.8% during the fourth quarter. Man Group plc now owns 3,165,638 shares of the company's stock worth $6,838,000 after buying an additional 1,718,816 shares during the last quarter. 22.68% of the stock is currently owned by institutional investors and hedge funds.

RLX Technology Trading Down 2.3%

NYSE RLX opened at $2.15 on Thursday. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 35.84 and a beta of 1.09. The company has a 50 day moving average of $2.24 and a 200-day moving average of $2.11. RLX Technology Inc. Sponsored ADR has a 1-year low of $1.56 and a 1-year high of $2.69.

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

Analysts Set New Price Targets

A number of research firms have issued reports on RLX. Wall Street Zen upgraded shares of RLX Technology from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Citigroup dropped their price target 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.

About RLX Technology

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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