Hosking Partners LLP Increases Position in RLX Technology Inc. (NYSE:RLX)

Hosking Partners LLP lifted its position in shares of RLX Technology Inc. (NYSE:RLX) by 24.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 981,533 shares of the company’s stock after purchasing an additional 194,770 shares during the period. Hosking Partners LLP’s holdings in RLX Technology were worth $2,120,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new position in shares of RLX Technology in the fourth quarter worth about $31,000. Centiva Capital LP purchased a new stake in RLX Technology during the 3rd quarter valued at approximately $29,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of RLX Technology during the fourth quarter valued at approximately $42,000. Catalina Capital Group LLC purchased a new position in shares of RLX Technology in the fourth quarter worth $63,000. Finally, Blue Trust Inc. boosted its position in shares of RLX Technology by 284.8% during the third quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock worth $65,000 after acquiring an additional 26,220 shares during the last quarter. Institutional investors own 22.68% of the company’s stock.

RLX Technology Stock Performance

RLX opened at $2.36 on Friday. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 58.89 and a beta of 0.97. The company has a fifty day moving average of $2.23 and a 200 day moving average of $1.91. RLX Technology Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $2.69.

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.