RLX Technology Inc. (NYSE:RLX) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of RLX Technology Inc. (NYSE:RLX - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,779,248 shares of the company's stock after selling 1,890,710 shares during the quarter. Vanguard Group Inc. owned about 1.77% of RLX Technology worth $60,003,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC lifted its position in RLX Technology by 5.0% during the third quarter. Barclays PLC now owns 110,471 shares of the company's stock valued at $200,000 after acquiring an additional 5,267 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of RLX Technology during the fourth quarter worth $31,000. Centiva Capital LP purchased a new stake in shares of RLX Technology during the 3rd quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of RLX Technology in the 4th quarter worth $42,000. Finally, SG Americas Securities LLC grew its stake in RLX Technology by 7.6% during the 4th 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 during the last quarter. 22.68% of the stock is currently owned by institutional investors.

RLX Technology Price Performance

RLX Technology stock traded up $0.07 during mid-day trading on Thursday, reaching $1.75. 272,802 shares of the company traded hands, compared to its average volume of 6,307,928. The firm's fifty day moving average is $2.10 and its two-hundred day moving average is $1.99. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 43.64 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 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). The firm had revenue of $111.46 million during the quarter, compared to analysts' expectations of $764.69 million. RLX Technology had a return on equity of 2.48% and a net margin of 15.70%.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded RLX Technology from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $2.80 to $2.50 in a report 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.