Nomura Holdings Inc. Raises 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 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,600,987 shares of the company's stock after purchasing an additional 1,665,518 shares during the period. Nomura Holdings Inc. owned 0.23% of RLX Technology worth $7,778,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of RLX Technology by 5,047.4% during the 4th quarter. Barclays PLC now owns 5,686,433 shares of the company's stock valued at $12,282,000 after purchasing an additional 5,575,962 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of RLX Technology during the 4th quarter valued at about $19,297,000. Franklin Resources Inc. boosted its position in shares of RLX Technology by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 293,830 shares of the company's stock valued at $497,000 after purchasing an additional 37,294 shares in the last quarter. Hosking Partners LLP boosted its position in shares of RLX Technology by 24.8% during the 4th quarter. Hosking Partners LLP now owns 981,533 shares of the company's stock valued at $2,120,000 after purchasing an additional 194,770 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of RLX Technology by 7.6% during the 4th 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 in the last quarter. Institutional investors own 22.68% of the company's stock.

RLX Technology Trading Up 1.8%

RLX stock traded up $0.04 during trading on Friday, reaching $1.99. 6,579,971 shares of the stock were exchanged, compared to its average volume of 4,770,197. The firm's 50 day moving average is $1.88 and its 200 day moving average is $2.01. RLX Technology Inc. has a twelve month low of $1.50 and a twelve month high of $2.69. The firm has a market cap of $3.12 billion, a P/E ratio of 49.64 and a beta of 1.03.

RLX Technology (NYSE:RLX - Get Free Report) last posted 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 return on equity of 2.48% and a net margin of 15.70%. The firm had revenue of $111.35 million for the quarter, compared to analyst estimates of $763.38 million.

Analysts Set New Price Targets

Separately, Citigroup downgraded 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.

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.