Nomura Holdings Inc. Grows Stock Position in RLX Technology Inc. (NYSE:RLX)

Nomura Holdings Inc. lifted its holdings in shares of RLX Technology Inc. (NYSE:RLX - Free Report) by 86.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,600,987 shares of the company's stock after purchasing an additional 1,665,518 shares during the quarter. Nomura Holdings Inc. owned 0.23% of RLX Technology worth $7,778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RLX. Oasis Management Co Ltd. lifted its stake in shares of RLX Technology by 9.5% in the 4th quarter. Oasis Management Co Ltd. now owns 5,592,665 shares of the company's stock valued at $12,080,000 after acquiring an additional 484,542 shares during the last quarter. Millennium Management LLC raised its stake in shares of RLX Technology by 40.1% during the fourth quarter. Millennium Management LLC now owns 3,459,960 shares of the company's stock valued at $7,474,000 after acquiring an additional 991,100 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in RLX Technology by 124.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,102,446 shares of the company's stock worth $4,541,000 after buying an additional 1,166,409 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of RLX Technology by 1,326.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 210,556 shares of the company's stock worth $455,000 after purchasing an additional 195,794 shares in the last quarter. Finally, BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of RLX Technology during the fourth quarter valued at $19,297,000. 22.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Citigroup decreased their price objective on RLX Technology from $2.50 to $2.25 and set a "neutral" rating on the stock in a research report on Monday.

RLX Technology Trading Up 1.8%

Shares of NYSE:RLX traded up $0.04 on Tuesday, hitting $2.00. The company had a trading volume of 1,751,942 shares, compared to its average volume of 4,752,266. The company has a market cap of $3.13 billion, a PE ratio of 49.89 and a beta of 1.03. RLX Technology Inc. has a 52-week low of $1.50 and a 52-week high of $2.69. The business has a 50 day moving average of $1.87 and a 200 day moving average of $2.01.

RLX Technology (NYSE:RLX - Get Free Report) last released its quarterly earnings results on Friday, May 16th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.15). RLX Technology had a net margin of 15.70% and a return on equity of 2.48%. The company had revenue of $111.35 million during the quarter, compared to analyst estimates of $763.38 million.

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.