Sei Investments Co. Makes New $687,000 Investment in RLX Technology Inc. Sponsored ADR $RLX

Sei Investments Co. acquired a new stake in RLX Technology Inc. Sponsored ADR (NYSE:RLX) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 312,471 shares of the company’s stock, valued at approximately $687,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP increased its holdings in RLX Technology by 29.3% during the 2nd quarter. Marshall Wace LLP now owns 1,133,093 shares of the company’s stock worth $2,504,000 after purchasing an additional 257,103 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of RLX Technology by 53.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,804,284 shares of the company’s stock valued at $8,407,000 after buying an additional 1,329,500 shares during the period. Tower Research Capital LLC TRC grew its position in shares of RLX Technology by 308.2% during the second quarter. Tower Research Capital LLC TRC now owns 54,064 shares of the company’s stock worth $119,000 after buying an additional 40,819 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of RLX Technology by 11,091.5% during the third quarter. JPMorgan Chase & Co. now owns 808,589 shares of the company’s stock worth $2,127,000 after buying an additional 801,364 shares during the period. Finally, Cresset Asset Management LLC acquired a new stake in RLX Technology in the third quarter valued at approximately $66,000. 22.68% of the stock is currently owned by hedge funds and other institutional investors.

RLX Technology Price Performance

RLX Technology stock opened at $1.96 on Friday. The stock has a market cap of $3.03 billion, a PE ratio of 19.55 and a beta of 1.20. The stock’s fifty day moving average is $1.96 and its two-hundred day moving average is $2.13. RLX Technology Inc. Sponsored ADR has a 1-year low of $1.76 and a 1-year high of $2.84.

RLX Technology (NYSE:RLX) last released its quarterly earnings data on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.06). RLX Technology had a return on equity of 6.15% and a net margin of 20.76%.The business had revenue of $148.73 million for the quarter, compared to analyst estimates of $173.99 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of RLX Technology in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2.50.

RLX Technology Profile

RLX Technology Inc (NYSE:RLX) is a China-based company specializing in electronic nicotine delivery systems. The company develops, manufactures and markets closed-pod vaping devices and prefilled cartridges, positioning its products as an alternative to traditional combustible tobacco. RLX emphasizes consistent nicotine delivery, flavor variety and convenience through its proprietary e-liquid formulations and device design.

RLX operates a vertically integrated business model that encompasses research and development, production, quality control and sales.