RLX Technology Inc. (NYSE:RLX) Stock Holdings Reduced by Orland Properties Ltd

Orland Properties Ltd lessened its stake in shares of RLX Technology Inc. (NYSE:RLX - Free Report) by 36.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,612,138 shares of the company's stock after selling 3,281,572 shares during the quarter. RLX Technology comprises 17.7% of Orland Properties Ltd's investment portfolio, making the stock its 3rd biggest holding. Orland Properties Ltd owned about 0.36% of RLX Technology worth $12,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. Barclays PLC lifted its position in RLX Technology by 5,047.4% in the 4th quarter. Barclays PLC now owns 5,686,433 shares of the company's stock valued at $12,282,000 after acquiring an additional 5,575,962 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of RLX Technology by 14.5% in the third 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 fourth quarter. Hosking Partners LLP now owns 981,533 shares of the company's stock valued at $2,120,000 after buying an additional 194,770 shares during the last quarter. SG Americas Securities LLC grew its holdings in RLX Technology by 7.6% during the fourth quarter. SG Americas Securities LLC now owns 303,215 shares of the company's stock worth $655,000 after buying an additional 21,476 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in RLX Technology in the 4th quarter valued at $31,000. 22.68% of the stock is currently owned by institutional investors and hedge funds.

RLX Technology Stock Performance

NYSE:RLX remained flat at $1.84 on Friday. 650,123 shares of the company's stock traded hands, compared to its average volume of 4,772,877. RLX Technology Inc. has a 52-week low of $1.50 and a 52-week high of $2.69. The firm's 50-day simple moving average is $1.97 and its two-hundred day simple moving average is $1.99. The firm has a market cap of $2.89 billion, a PE ratio of 46.01 and a beta of 1.03.

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 analysts' consensus estimates of $0.20 by ($0.19). The business had revenue of $111.46 million for the quarter, compared to the consensus estimate of $764.69 million. RLX Technology had a return on equity of 2.48% and a net margin of 15.70%.

Wall Street Analysts Forecast Growth

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

RLX Technology Company 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.