RLX Technology Inc. Sponsored ADR $RLX Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in RLX Technology by 0.6%, owning approximately 27.9 million shares valued at about $52.5 million by the end of Q1.
• RLX Technology reported earnings per share (EPS) of $0.02 for the last quarter, missing consensus estimates significantly, while generating revenue of $122.88 million.
• The company declared an annual dividend of $0.01, representing a high yield of 70.0%, to be paid on September 26th for investors of record by September 12th.

Vanguard Group Inc. boosted its position in RLX Technology Inc. Sponsored ADR (NYSE:RLX - Free Report) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,935,598 shares of the company's stock after buying an additional 156,350 shares during the period. Vanguard Group Inc. owned approximately 1.78% of RLX Technology worth $52,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cache Advisors LLC purchased a new position in RLX Technology in the 4th quarter valued at $155,000. Public Employees Retirement System of Ohio lifted its holdings in RLX Technology by 58.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 193,389 shares of the company's stock valued at $418,000 after acquiring an additional 71,026 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in RLX Technology by 9.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 668,706 shares of the company's stock valued at $1,444,000 after acquiring an additional 56,639 shares during the period. Two Sigma Advisers LP lifted its holdings in RLX Technology by 192.7% in the fourth quarter. Two Sigma Advisers LP now owns 55,900 shares of the company's stock valued at $121,000 after acquiring an additional 36,800 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in 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 valued at $2,503,000 after acquiring an additional 1,064,500 shares during the period. 22.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on RLX. Wall Street Zen raised RLX Technology from a "sell" rating to a "hold" rating in a report on Saturday. Citigroup reduced their target price on RLX Technology from $2.50 to $2.25 and set a "neutral" rating for the company in a report on Monday, May 19th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, RLX Technology currently has an average rating of "Hold" and an average price target of $2.25.

RLX Technology Trading Up 3.0%

Shares of NYSE:RLX traded up $0.08 during midday trading on Friday, hitting $2.55. 6,333,964 shares of the stock were exchanged, compared to its average volume of 3,214,242. The stock has a market cap of $4.00 billion, a P/E ratio of 36.36 and a beta of 1.10. RLX Technology Inc. Sponsored ADR has a twelve month low of $1.57 and a twelve month high of $2.69. The company has a 50 day moving average price of $2.27 and a 200-day moving average price of $2.11.

RLX Technology (NYSE:RLX - Get Free Report) last released 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 firm had revenue of $122.88 million for 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 declared an annual dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.01 per share. This represents a dividend yield of 70.0%. The ex-dividend date of this dividend is Friday, September 12th. RLX Technology's payout ratio is 14.29%.

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.