JPMorgan Chase & Co. Has $11.79 Million Holdings in RLX Technology Inc. (NYSE:RLX)

JPMorgan Chase & Co. lowered its stake in RLX Technology Inc. (NYSE:RLX - Free Report) by 63.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,456,554 shares of the company's stock after selling 9,592,571 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.35% of RLX Technology worth $11,786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RLX. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of RLX Technology by 1,239.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 801,104 shares of the company's stock worth $1,730,000 after purchasing an additional 741,281 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in RLX Technology by 58.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,067 shares of the company's stock worth $1,108,000 after buying an additional 225,200 shares during the last quarter. Hosking Partners LLP raised its position in RLX Technology by 24.8% during the fourth quarter. Hosking Partners LLP now owns 981,533 shares of the company's stock worth $2,120,000 after acquiring an additional 194,770 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in RLX Technology in the third quarter valued at $221,000. Finally, XTX Topco Ltd bought a new position in shares of RLX Technology in the 3rd quarter valued at about $184,000. Institutional investors own 22.68% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of RLX Technology from a "buy" rating to a "neutral" rating and dropped their target price for the company from $2.80 to $2.50 in a report on Monday, March 17th.

RLX Technology Stock Up 2.1 %

Shares of NYSE RLX traded up $0.04 during midday trading on Friday, hitting $1.72. 3,633,043 shares of the company's stock were exchanged, compared to its average volume of 4,824,564. RLX Technology Inc. has a 12 month low of $1.50 and a 12 month high of $2.69. The company's 50 day moving average price is $2.07 and its 200 day moving average price is $1.99. The firm has a market capitalization of $2.69 billion, a PE ratio of 42.89 and a beta of 1.03.

RLX Technology (NYSE:RLX - Get Free Report) last released its quarterly earnings data on Friday, March 14th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.19). The company had revenue of $111.46 million during the quarter, compared to analyst estimates of $764.69 million. RLX Technology had a net margin of 15.70% and a return on equity of 2.48%.

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.