Headlands Technologies LLC Buys New Position in RLX Technology Inc. (NYSE:RLX)

Headlands Technologies LLC bought a new stake in RLX Technology Inc. (NYSE:RLX) in the 4th quarter, Holdings Channel reports. The institutional investor bought 107,324 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC acquired a new position in RLX Technology in the 3rd quarter valued at about $37,000. IvyRock Asset Management HK Ltd purchased a new stake in RLX Technology in the 3rd quarter valued at about $151,000. Hsbc Holdings PLC grew its holdings in RLX Technology by 120.7% in the 3rd quarter. Hsbc Holdings PLC now owns 115,466 shares of the company’s stock valued at $174,000 after buying an additional 63,146 shares during the period. Regal Partners Ltd purchased a new stake in RLX Technology in the 3rd quarter valued at about $235,000. Finally, SG Americas Securities LLC grew its holdings in RLX Technology by 151.4% in the 4th quarter. SG Americas Securities LLC now owns 168,132 shares of the company’s stock valued at $336,000 after buying an additional 101,263 shares during the period. Institutional investors and hedge funds own 22.68% of the company’s stock.

Analyst Upgrades and Downgrades

RLX has been the subject of several recent analyst reports. Citigroup lifted their price target on RLX Technology from $2.40 to $2.76 and gave the company a “buy” rating in a report on Monday, March 18th. TheStreet upgraded RLX Technology from a “d” rating to a “c-” rating in a report on Monday, March 18th.

RLX Technology Stock Performance

Shares of NYSE:RLX opened at $1.91 on Monday. RLX Technology Inc. has a 1 year low of $1.39 and a 1 year high of $2.55. The stock has a market capitalization of $3.00 billion, a P/E ratio of 38.21 and a beta of 0.98. The stock has a 50-day simple moving average of $1.91 and a 200-day simple moving average of $1.90.

RLX Technology (NYSE:RLX) last issued its earnings results on Friday, March 15th. The company reported $0.02 earnings per share (EPS) for the quarter. RLX Technology had a return on equity of 3.32% and a net margin of 34.74%. The business had revenue of $73.31 million during the quarter.

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.