Y Intercept Hong Kong Ltd Makes New Investment in RLX Technology Inc. Sponsored ADR $RLX

Y Intercept Hong Kong Ltd purchased a new stake in shares of RLX Technology Inc. Sponsored ADR (NYSE:RLX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 44,757 shares of the company’s stock, valued at approximately $99,000.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. increased its holdings in RLX Technology by 2.2% in the 1st quarter. Invesco Ltd. now owns 590,243 shares of the company’s stock worth $1,110,000 after buying an additional 12,834 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of RLX Technology by 73.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,168 shares of the company’s stock valued at $89,000 after acquiring an additional 17,060 shares during the last quarter. Headlands Technologies LLC grew its stake in shares of RLX Technology by 411.8% in the first quarter. Headlands Technologies LLC now owns 25,766 shares of the company’s stock worth $48,000 after acquiring an additional 20,732 shares during the period. Ground Swell Capital LLC purchased a new position in shares of RLX Technology during the first quarter valued at approximately $47,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of RLX Technology by 9.2% during the second quarter. Public Employees Retirement System of Ohio now owns 323,016 shares of the company’s stock valued at $714,000 after purchasing an additional 27,263 shares during the last quarter. 22.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on RLX. Wall Street Zen upgraded shares of RLX Technology from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings reissued a “hold (c)” rating on shares of RLX Technology in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.25.

RLX Technology Trading Up 0.2%

RLX opened at $2.32 on Monday. The company’s 50 day moving average is $2.48 and its 200 day moving average is $2.26. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 33.08 and a beta of 1.10. RLX Technology Inc. Sponsored ADR has a 12-month low of $1.58 and a 12-month high of $2.84.

RLX Technology (NYSE:RLX) last announced its earnings results on Friday, August 22nd. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). The business had revenue of $122.88 million for the quarter, compared to analysts’ expectations of $725.00 million. RLX Technology had a net margin of 22.32% and a return on equity of 4.54%.

RLX Technology Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.01 dividend. This represents a yield of 38.0%. The ex-dividend date of this dividend was Friday, September 12th.

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.