Janney Montgomery Scott LLC Takes Position in RLX Technology Inc. (NYSE:RLX)

Janney Montgomery Scott LLC bought a new stake in RLX Technology Inc. (NYSE:RLX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,410 shares of the company’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. First Beijing Investment Ltd boosted its stake in shares of RLX Technology by 33.6% in the third quarter. First Beijing Investment Ltd now owns 28,440,248 shares of the company’s stock valued at $51,477,000 after purchasing an additional 7,159,064 shares during the period. Point72 Hong Kong Ltd acquired a new stake in RLX Technology in the third quarter valued at $2,386,000. Point72 Asset Management L.P. raised its holdings in RLX Technology by 8,292.2% in the third quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company’s stock valued at $2,377,000 after acquiring an additional 1,297,651 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in RLX Technology by 58.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,067 shares of the company’s stock valued at $1,108,000 after acquiring an additional 225,200 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in RLX Technology by 7.6% in the fourth quarter. SG Americas Securities LLC now owns 303,215 shares of the company’s stock valued at $655,000 after acquiring an additional 21,476 shares in the last quarter. 22.68% of the stock is currently owned by hedge funds and other institutional investors.

RLX Technology Price Performance

RLX opened at $2.37 on Friday. The stock has a market capitalization of $3.71 billion, a PE ratio of 59.14 and a beta of 0.97. The firm’s fifty day moving average price is $2.15 and its 200 day moving average price is $1.86. RLX Technology Inc. has a 12-month low of $1.50 and a 12-month high of $2.60.

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.