Vontobel Holding Ltd. Invests $523,000 in Relx Plc (NYSE:RELX)

Vontobel Holding Ltd. purchased a new stake in shares of Relx Plc (NYSE:RELX - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 10,384 shares of the technology company's stock, valued at approximately $523,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of RELX. Golden State Wealth Management LLC raised its position in shares of Relx by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock worth $30,000 after purchasing an additional 294 shares during the last quarter. Transce3nd LLC acquired a new position in shares of Relx during the 4th quarter worth approximately $40,000. Brown Brothers Harriman & Co. raised its position in shares of Relx by 218.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company's stock worth $44,000 after purchasing an additional 662 shares during the last quarter. Redwood Investments LLC acquired a new position in shares of Relx during the 4th quarter worth approximately $120,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Relx by 50.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,751 shares of the technology company's stock worth $125,000 after purchasing an additional 919 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Relx in a research report on Wednesday, March 26th. They set a "buy" rating for the company. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. Finally, Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Relx currently has a consensus rating of "Buy".

Relx Trading Up 0.4%

RELX traded up $0.22 during trading on Monday, hitting $53.41. The company's stock had a trading volume of 872,014 shares, compared to its average volume of 742,372. The stock has a market cap of $100.29 billion, a PE ratio of 28.72, a PEG ratio of 3.20 and a beta of 0.83. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The firm's 50 day moving average price is $53.82 and its 200-day moving average price is $50.61. Relx Plc has a twelve month low of $43.45 and a twelve month high of $56.33.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.