RLX Technology Inc. (NYSE:RLX) is Oasis Management Co Ltd.'s 7th Largest Position

Oasis Management Co Ltd. raised its holdings in shares of RLX Technology Inc. (NYSE:RLX - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,592,665 shares of the company's stock after purchasing an additional 484,542 shares during the quarter. RLX Technology accounts for approximately 2.7% of Oasis Management Co Ltd.'s investment portfolio, making the stock its 7th largest holding. Oasis Management Co Ltd. owned approximately 0.36% of RLX Technology worth $12,080,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in RLX. Janney Montgomery Scott LLC purchased a new stake in RLX Technology during the fourth quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in RLX Technology during the fourth quarter worth about $42,000. Boothbay Fund Management LLC acquired a new stake in shares of RLX Technology in the fourth quarter valued at approximately $43,000. Catalina Capital Group LLC purchased a new position in shares of RLX Technology during the 4th quarter worth $63,000. Finally, Bayesian Capital Management LP purchased a new position in RLX Technology during the fourth quarter worth about $82,000. 22.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered RLX Technology from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $2.80 to $2.50 in a research note on Monday, March 17th.

RLX Technology Stock Performance

RLX Technology stock opened at $1.89 on Tuesday. The stock has a 50-day simple moving average of $1.91 and a 200-day simple moving average of $2.00. The company has a market capitalization of $2.96 billion, a P/E ratio of 47.14 and a beta of 1.03. RLX Technology Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $2.69.

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

RLX Technology 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.

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