UBS Group AG Purchases 670,848 Shares of RLX Technology Inc. Sponsored ADR $RLX

UBS Group AG raised its position in shares of RLX Technology Inc. Sponsored ADR (NYSE:RLX) by 59.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,794,749 shares of the company’s stock after acquiring an additional 670,848 shares during the period. UBS Group AG’s holdings in RLX Technology were worth $4,182,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of RLX Technology by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 27,144,029 shares of the company’s stock worth $63,246,000 after acquiring an additional 206,347 shares during the period. WT Asset Management Ltd acquired a new stake in shares of RLX Technology in the fourth quarter valued at approximately $228,000. JPMorgan Chase & Co. raised its position in shares of RLX Technology by 11,091.5% in the third quarter. JPMorgan Chase & Co. now owns 808,589 shares of the company’s stock valued at $2,127,000 after buying an additional 801,364 shares in the last quarter. Virtus Advisers LLC acquired a new stake in shares of RLX Technology in the third quarter valued at approximately $115,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of RLX Technology by 15.3% in the third quarter. Public Employees Retirement System of Ohio now owns 372,311 shares of the company’s stock valued at $979,000 after buying an additional 49,295 shares in the last quarter. Institutional investors own 22.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RLX. Citigroup dropped their price target on shares of RLX Technology from $2.60 to $2.50 and set a “neutral” rating for the company in a research report on Monday, March 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of RLX Technology in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of RLX Technology from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $2.50.

RLX Technology Trading Down 3.0%

NYSE RLX opened at $2.09 on Friday. RLX Technology Inc. Sponsored ADR has a 1-year low of $1.95 and a 1-year high of $2.84. The company has a 50 day moving average of $2.18 and a 200-day moving average of $2.29. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 20.85 and a beta of 1.16.

RLX Technology (NYSE:RLX) last released its quarterly earnings results on Wednesday, May 20th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. RLX Technology had a net margin of 20.76% and a return on equity of 6.15%. The company had revenue of $230.01 million during the quarter, compared to the consensus estimate of $166.99 million.

RLX Technology Company 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.