Two Sigma Investments LP Raises Holdings in RLX Technology Inc. (NYSE:RLX)

Two Sigma Investments LP lifted its position in shares of RLX Technology Inc. (NYSE:RLX - Free Report) by 1,127.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,158,917 shares of the company's stock after buying an additional 1,064,500 shares during the quarter. Two Sigma Investments LP owned approximately 0.07% of RLX Technology worth $2,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RLX. BRIGHT VALLEY CAPITAL Ltd acquired a new position in RLX Technology during the fourth quarter worth about $19,297,000. Barclays PLC increased its stake in shares of RLX Technology by 5,047.4% during 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 in the last quarter. Man Group plc increased 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 worth $6,838,000 after purchasing an additional 1,718,816 shares in the last quarter. Nomura Holdings Inc. raised its position in shares of RLX Technology by 86.1% during 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 last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in RLX Technology by 124.6% in 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 buying an additional 1,166,409 shares in the last quarter. Institutional investors and hedge funds own 22.68% of the company's stock.

RLX Technology Stock Up 2.4%

Shares of NYSE:RLX traded up $0.05 during trading on Wednesday, reaching $2.12. The stock had a trading volume of 9,602,936 shares, compared to its average volume of 4,805,713. The stock has a market cap of $3.33 billion, a P/E ratio of 53.01 and a beta of 1.07. The business has a fifty day moving average price of $1.87 and a 200-day moving average price of $2.04. RLX Technology Inc. has a fifty-two week low of $1.50 and a fifty-two week 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 the consensus estimate of $0.17 by ($0.15). RLX Technology had a net margin of 15.70% and a return on equity of 2.48%. The business had revenue of $111.35 million during the quarter, compared to analyst estimates of $763.38 million.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup dropped their price target on 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 cut RLX Technology from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

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.