Headlands Technologies LLC Takes $215,000 Position in RLX Technology Inc. (NYSE:RLX)

Headlands Technologies LLC acquired a new stake in RLX Technology Inc. (NYSE:RLX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 107,324 shares of the company’s stock, valued at approximately $215,000.

Several other large investors have also made changes to their positions in the business. Vanguard Personalized Indexing Management LLC acquired a new position in shares of RLX Technology in the 3rd quarter valued at $37,000. IvyRock Asset Management HK Ltd acquired a new position in shares of RLX Technology in the 3rd quarter valued at $151,000. Hsbc Holdings PLC lifted its stake in shares of RLX Technology by 120.7% in the 3rd quarter. Hsbc Holdings PLC now owns 115,466 shares of the company’s stock valued at $174,000 after purchasing an additional 63,146 shares during the period. Regal Partners Ltd acquired a new position in shares of RLX Technology in the 3rd quarter valued at $235,000. Finally, SG Americas Securities LLC lifted its stake in shares of RLX Technology by 151.4% in the 4th quarter. SG Americas Securities LLC now owns 168,132 shares of the company’s stock valued at $336,000 after purchasing an additional 101,263 shares during the period. 22.68% of the stock is owned by hedge funds and other institutional investors.

RLX Technology Stock Performance

Shares of RLX opened at $1.91 on Monday. RLX Technology Inc. has a 12-month low of $1.39 and a 12-month high of $2.55. The firm has a 50-day moving average price of $1.91 and a 200 day moving average price of $1.90. The firm has a market capitalization of $3.00 billion, a P/E ratio of 38.21 and a beta of 0.98.

RLX Technology (NYSE:RLX) last announced its quarterly earnings data on Friday, March 15th. The company reported $0.02 earnings per share (EPS) for the quarter. RLX Technology had a net margin of 34.74% and a return on equity of 3.32%. The firm had revenue of $73.31 million during the quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TheStreet upgraded shares of RLX Technology from a “d” rating to a “c-” rating in a research report on Monday, March 18th. Citigroup upped their price objective on shares of RLX Technology from $2.40 to $2.76 and gave the stock a “buy” rating in a research report on Monday, March 18th.

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.