US Bancorp DE Invests $64,000 in RLX Technology Inc. (NYSE:RLX)

US Bancorp DE acquired a new position in RLX Technology Inc. (NYSE:RLXGet Rating) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,928 shares of the company’s stock, valued at approximately $64,000.

Several other large investors have also recently made changes to their positions in the stock. IFM Investors Pty Ltd acquired a new stake in RLX Technology during the 1st quarter worth approximately $58,000. GSA Capital Partners LLP acquired a new stake in RLX Technology during the 1st quarter worth approximately $72,000. KBC Group NV lifted its holdings in RLX Technology by 161.5% during the 1st quarter. KBC Group NV now owns 44,697 shares of the company’s stock worth $80,000 after buying an additional 27,606 shares in the last quarter. Virtu Financial LLC acquired a new stake in RLX Technology during the 1st quarter worth approximately $125,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in RLX Technology by 220.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,273 shares of the company’s stock worth $174,000 after buying an additional 66,880 shares in the last quarter. 17.69% of the stock is currently owned by institutional investors and hedge funds.

RLX Technology Price Performance

RLX Technology stock opened at $1.44 on Friday. The firm has a market cap of $2.24 billion, a PE ratio of 4.80 and a beta of -0.23. RLX Technology Inc. has a 52-week low of $0.90 and a 52-week high of $5.90. The company has a quick ratio of 4.12, a current ratio of 4.16 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $1.21 and its two-hundred day moving average is $1.65.

RLX Technology (NYSE:RLXGet Rating) last released its earnings results on Wednesday, September 21st. The company reported $0.05 earnings per share (EPS) for the quarter. RLX Technology had a net margin of 35.14% and a return on equity of 19.23%. The company had revenue of $333.51 million for the quarter.

RLX Technology Profile

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RLX Technology Inc, together with its subsidiaries, researchers, develops, manufactures, distributes, and sells e-vapor products in the People's Republic of China. It serves RELX branded partner stores and other retail outlets through distributors. RLX Technology Inc was founded in 2018 and is based in Beijing, China.

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Institutional Ownership by Quarter for RLX Technology (NYSE:RLX)

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