Point72 Hong Kong Ltd increased its position in RLX Technology Inc. (NYSE:RLX - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,463,092 shares of the company's stock after buying an additional 145,100 shares during the period. Point72 Hong Kong Ltd owned about 0.09% of RLX Technology worth $3,160,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of RLX. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in RLX Technology in the fourth quarter valued at approximately $19,297,000. Barclays PLC grew its stake 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 buying an additional 5,575,962 shares during the period. Oasis Management Co Ltd. increased its holdings in shares of RLX Technology by 9.5% during the 4th 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 during the last quarter. Nomura Holdings Inc. raised its position in shares of RLX Technology by 86.1% in the 4th 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 during the period. Finally, Millennium Management LLC boosted its holdings in RLX Technology by 40.1% in 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. Hedge funds and other institutional investors own 22.68% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Citigroup reduced their price objective on RLX Technology from $2.50 to $2.25 and set a "neutral" rating on the stock in a research note on Monday.
Read Our Latest Stock Report on RLX Technology
RLX Technology Stock Performance
RLX Technology stock traded up $0.04 during trading on Tuesday, reaching $2.00. 1,965,498 shares of the company's stock were exchanged, compared to its average volume of 5,572,592. RLX Technology Inc. has a 52-week low of $1.50 and a 52-week high of $2.69. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 49.89 and a beta of 1.03. The company's 50-day moving average is $1.87 and its two-hundred day moving average is $2.01.
RLX Technology (NYSE:RLX - Get Free Report) last announced its earnings results on Friday, May 16th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.15). The company had revenue of $111.35 million for the quarter, compared to analysts' expectations of $763.38 million. RLX Technology had a net margin of 15.70% and a return on equity of 2.48%.
About RLX Technology
(
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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