RLX Technology Inc. (NYSE:RLX) Shares Sold by Orland Properties Ltd

Orland Properties Ltd lowered its stake in RLX Technology Inc. (NYSE:RLX - Free Report) by 36.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,612,138 shares of the company's stock after selling 3,281,572 shares during the quarter. RLX Technology accounts for about 17.7% of Orland Properties Ltd's portfolio, making the stock its 3rd biggest holding. Orland Properties Ltd owned 0.36% of RLX Technology worth $12,122,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RLX. Barclays PLC increased its stake in shares of RLX Technology by 5,047.4% in the 4th quarter. Barclays PLC now owns 5,686,433 shares of the company's stock worth $12,282,000 after acquiring an additional 5,575,962 shares during the last quarter. Franklin Resources Inc. increased its holdings 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 worth $497,000 after buying an additional 37,294 shares during the last quarter. Hosking Partners LLP raised 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 buying an additional 194,770 shares during the period. SG Americas Securities LLC lifted its holdings in RLX Technology by 7.6% in the fourth quarter. SG Americas Securities LLC now owns 303,215 shares of the company's stock valued at $655,000 after acquiring an additional 21,476 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in RLX Technology in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 22.68% of the company's stock.

Analysts Set New Price Targets

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

RLX Technology Stock Performance

Shares of NYSE:RLX remained flat at $1.84 during mid-day trading on Friday. 650,123 shares of the company were exchanged, compared to its average volume of 4,776,864. RLX Technology Inc. has a 1 year low of $1.50 and a 1 year high of $2.69. The company has a 50-day moving average price of $1.98 and a 200-day moving average price of $1.99. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 46.01 and a beta of 1.03.

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

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.