Headlands Technologies LLC Increases Position in RLX Technology Inc. Sponsored ADR (NYSE:RLX)

Headlands Technologies LLC raised its position in RLX Technology Inc. Sponsored ADR (NYSE:RLX) by 411.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,766 shares of the company’s stock after purchasing an additional 20,732 shares during the quarter. Headlands Technologies LLC’s holdings in RLX Technology were worth $48,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boothbay Fund Management LLC purchased a new stake in shares of RLX Technology during the fourth quarter worth $43,000. Bayesian Capital Management LP purchased a new stake in shares of RLX Technology during the fourth quarter worth $82,000. Two Sigma Advisers LP increased its position in shares of RLX Technology by 192.7% during the fourth quarter. Two Sigma Advisers LP now owns 55,900 shares of the company’s stock worth $121,000 after acquiring an additional 36,800 shares during the period. Russell Investments Group Ltd. increased its position in shares of RLX Technology by 28.3% during the fourth quarter. Russell Investments Group Ltd. now owns 69,217 shares of the company’s stock worth $150,000 after acquiring an additional 15,280 shares during the period. Finally, Cache Advisors LLC purchased a new stake in shares of RLX Technology during the fourth quarter worth $155,000. Hedge funds and other institutional investors own 22.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RLX shares. Citigroup cut their price objective on RLX Technology from $2.50 to $2.25 and set a “neutral” rating on the stock in a research report on Monday, May 19th. Wall Street Zen raised RLX Technology from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th.

RLX Technology Price Performance

NYSE:RLX opened at $2.19 on Wednesday. The firm has a market capitalization of $3.44 billion, a PE ratio of 36.51 and a beta of 1.09. The business’s fifty day moving average price is $2.23 and its 200 day moving average price is $2.11. RLX Technology Inc. Sponsored ADR has a 12 month low of $1.56 and a 12 month high of $2.69.

RLX Technology (NYSE:RLX) last posted its earnings results on Friday, May 16th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.15). The business had revenue of $111.35 million during the quarter, compared to analysts’ expectations of $763.38 million. RLX Technology had a net margin of 21.38% and a return on equity of 4.05%.

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.