RLX Technology Inc. (NYSE:RLX) Shares Sold by Pictet Asset Management SA

Pictet Asset Management SA lowered its stake in shares of RLX Technology Inc. (NYSE:RLXGet Rating) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 583,811 shares of the company’s stock after selling 57,143 shares during the quarter. Pictet Asset Management SA’s holdings in RLX Technology were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. grew its position in shares of RLX Technology by 8.3% during the first quarter. BlackRock Inc. now owns 28,218,391 shares of the company’s stock worth $50,510,000 after buying an additional 2,160,418 shares in the last quarter. Vanguard Group Inc. grew its position in shares of RLX Technology by 1.0% during the first quarter. Vanguard Group Inc. now owns 27,034,486 shares of the company’s stock worth $48,392,000 after buying an additional 257,261 shares in the last quarter. Vista Wealth Management Group LLC grew its position in shares of RLX Technology by 1.2% during the second quarter. Vista Wealth Management Group LLC now owns 3,163,367 shares of the company’s stock worth $6,169,000 after buying an additional 38,123 shares in the last quarter. Oasis Management Co Ltd. grew its position in shares of RLX Technology by 66.4% during the first quarter. Oasis Management Co Ltd. now owns 3,035,637 shares of the company’s stock worth $5,434,000 after buying an additional 1,211,580 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in RLX Technology by 186.4% in the first quarter. Renaissance Technologies LLC now owns 2,713,400 shares of the company’s stock worth $4,857,000 after purchasing an additional 1,766,100 shares during the period. Institutional investors and hedge funds own 17.69% of the company’s stock.

RLX Technology Price Performance

RLX Technology stock opened at $1.69 on Wednesday. The company has a market cap of $2.63 billion, a PE ratio of 7.04 and a beta of -0.23. The company has a fifty day moving average price of $1.26 and a two-hundred day moving average price of $1.63. RLX Technology Inc. has a 12 month low of $0.90 and a 12 month high of $5.90.

RLX Technology (NYSE:RLXGet Rating) last released its quarterly earnings data on Wednesday, September 21st. The company reported $0.05 EPS for the quarter. The firm had revenue of $333.51 million during the quarter. RLX Technology had a net margin of 31.28% and a return on equity of 15.23%.

RLX Technology Company Profile

(Get Rating)

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.

Featured Stories

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

Receive News & Ratings for RLX Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLX Technology and related companies with MarketBeat.com's FREE daily email newsletter.