E Fund Management Co. Ltd. acquired a new position in shares of RLX Technology Inc. (NYSE:RLX – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 352,589 shares of the company’s stock, valued at approximately $705,000.
Several other large investors also recently added to or reduced their stakes in RLX. Vanguard Personalized Indexing Management LLC purchased a new position in RLX Technology in the third quarter worth approximately $37,000. IvyRock Asset Management HK Ltd purchased a new position in shares of RLX Technology during the 3rd quarter worth $151,000. Headlands Technologies LLC acquired a new stake in shares of RLX Technology during the 4th quarter worth about $215,000. Hsbc Holdings PLC increased its position in shares of RLX Technology by 120.7% during the 3rd quarter. Hsbc Holdings PLC now owns 115,466 shares of the company’s stock worth $174,000 after purchasing an additional 63,146 shares during the last quarter. Finally, Regal Partners Ltd purchased a new stake in RLX Technology in the 3rd quarter valued at about $235,000. 22.68% of the stock is currently owned by hedge funds and other institutional investors.
RLX Technology Stock Performance
RLX Technology stock remained flat at $2.00 during midday trading on Wednesday. The company had a trading volume of 2,218,399 shares, compared to its average volume of 5,585,678. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 40.01 and a beta of 0.93. The business has a 50-day simple moving average of $1.90 and a 200-day simple moving average of $1.92. RLX Technology Inc. has a 12 month low of $1.39 and a 12 month high of $2.47.
Wall Street Analyst Weigh In
Several research analysts have weighed in on RLX shares. TheStreet raised shares of RLX Technology from a “d” rating to a “c-” rating in a research note on Monday, March 18th. Citigroup increased their price objective on shares of RLX Technology from $2.40 to $2.76 and gave the stock a “buy” rating in a research report on Monday, March 18th.
Check Out Our Latest Stock Analysis on RLX Technology
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.
Featured Stories
- Five stocks we like better than RLX Technology
- What is the NASDAQ Stock Exchange?
- Lucid’s Stock Price is Still in Reverse: New Lows Are Coming
- What is a buyback in stocks? A comprehensive guide for investors
- Generac Powers Ahead on the Electrification Mega-Trend
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- PulteGroup Wins and Wins More on Interest Rate Cuts
Receive News & Ratings for RLX Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLX Technology and related companies with MarketBeat.com's FREE daily email newsletter.