Legal & General Group Plc decreased its stake in shares of RLX Technology Inc. (NYSE:RLX - Free Report) by 47.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 810,832 shares of the company's stock after selling 736,233 shares during the period. Legal & General Group Plc owned 0.05% of RLX Technology worth $1,752,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in RLX. Barclays PLC raised its position in RLX Technology by 5.0% in the third quarter. Barclays PLC now owns 110,471 shares of the company's stock valued at $200,000 after purchasing an additional 5,267 shares during the period. Janney Montgomery Scott LLC acquired a new position in RLX Technology during the 4th quarter worth approximately $31,000. Russell Investments Group Ltd. boosted its holdings in RLX Technology by 28.3% in the 4th quarter. Russell Investments Group Ltd. now owns 69,217 shares of the company's stock worth $150,000 after acquiring an additional 15,280 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in RLX Technology in the fourth quarter valued at approximately $42,000. Finally, SG Americas Securities LLC raised its stake in shares of RLX Technology by 7.6% during the fourth quarter. SG Americas Securities LLC now owns 303,215 shares of the company's stock valued at $655,000 after purchasing an additional 21,476 shares during the period. Institutional investors and hedge funds own 22.68% of the company's stock.
RLX Technology Stock Down 1.3 %
Shares of RLX traded down $0.03 during trading on Thursday, reaching $1.84. The company's stock had a trading volume of 83,677 shares, compared to its average volume of 4,777,372. RLX Technology Inc. has a twelve month low of $1.50 and a twelve month high of $2.69. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 45.89 and a beta of 1.03. The company has a fifty day moving average of $1.99 and a two-hundred day moving average of $1.99.
RLX Technology (NYSE:RLX - Get Free Report) last issued its quarterly earnings results on Friday, March 14th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.19). RLX Technology had a return on equity of 2.48% and a net margin of 15.70%. The company had revenue of $111.46 million for the quarter, compared to the consensus estimate of $764.69 million.
Analyst Upgrades and Downgrades
Separately, Citigroup downgraded shares of RLX Technology from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $2.80 to $2.50 in a research note on Monday, March 17th.
Check Out Our Latest Stock Report on RLX
RLX Technology Company Profile
(
Free Report)
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.
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