XTX Topco Ltd Reduces Holdings in RLX Technology Inc. Sponsored ADR (NYSE:RLX)

Key Points

• XTX Topco Ltd reduced its stake in RLX Technology Inc. by 57.3%, selling 130,936 shares and holding 97,423 shares valued at $183,000 according to its latest SEC filing.
• Other institutional investors, including Barclays PLC and Nomura Holdings Inc., significantly increased their stakes in RLX Technology, indicating growing interest from the institutional market.
• RLX Technology reported a net margin of 21.38% but missed earnings estimates with an EPS of $0.02 against a consensus expectation of $0.17.

XTX Topco Ltd lowered its holdings in shares of RLX Technology Inc. Sponsored ADR (NYSE:RLX - Free Report) by 57.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,423 shares of the company's stock after selling 130,936 shares during the period. XTX Topco Ltd's holdings in RLX Technology were worth $183,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in RLX. BRIGHT VALLEY CAPITAL Ltd acquired a new stake in RLX Technology in the fourth quarter valued at approximately $19,297,000. Barclays PLC grew its holdings in RLX Technology by 5,047.4% during the fourth quarter. Barclays PLC now owns 5,686,433 shares of the company's stock worth $12,282,000 after buying an additional 5,575,962 shares in the last quarter. Oasis Management Co Ltd. grew its holdings in RLX Technology by 9.5% during the fourth quarter. Oasis Management Co Ltd. now owns 5,592,665 shares of the company's stock worth $12,080,000 after buying an additional 484,542 shares in the last quarter. Nomura Holdings Inc. grew its holdings in RLX Technology by 86.1% during the fourth quarter. Nomura Holdings Inc. now owns 3,600,987 shares of the company's stock worth $7,778,000 after buying an additional 1,665,518 shares in the last quarter. Finally, Millennium Management LLC grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 22.68% of the company's stock.

Analysts Set New Price Targets

RLX has been the subject of several recent research reports. Wall Street Zen downgraded RLX Technology from a "hold" rating to a "sell" rating in a report on Saturday. Citigroup decreased their price target on RLX Technology from $2.50 to $2.25 and set a "neutral" rating for the company in a report on Monday, May 19th.

RLX Technology Stock Performance

NYSE:RLX traded down $0.01 during trading on Friday, reaching $2.13. The company's stock had a trading volume of 1,621,025 shares, compared to its average volume of 2,065,812. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 35.51 and a beta of 1.09. The firm has a 50 day moving average of $2.23 and a 200-day moving average of $2.11. RLX Technology Inc. Sponsored ADR has a 12 month low of $1.57 and a 12 month high of $2.69.

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

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.