Northern Trust Corp Has $1.86 Million Stake in RLX Technology Inc. (NYSE:RLX)

Northern Trust Corp grew its position in RLX Technology Inc. (NYSE:RLX) by 56.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 862,499 shares of the company’s stock after purchasing an additional 311,869 shares during the period. Northern Trust Corp owned approximately 0.05% of RLX Technology worth $1,863,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Boothbay Fund Management LLC acquired a new stake in RLX Technology in the fourth quarter valued at $43,000. Hsbc Holdings PLC boosted its holdings in shares of RLX Technology by 10.6% during the fourth quarter. Hsbc Holdings PLC now owns 198,832 shares of the company’s stock worth $429,000 after acquiring an additional 19,119 shares during the period. Marshall Wace LLP boosted its holdings in shares of RLX Technology by 3.9% during the fourth quarter. Marshall Wace LLP now owns 267,606 shares of the company’s stock worth $578,000 after acquiring an additional 10,071 shares during the period. XTX Topco Ltd grew its position in shares of RLX Technology by 124.8% in the fourth quarter. XTX Topco Ltd now owns 228,359 shares of the company’s stock valued at $493,000 after purchasing an additional 126,790 shares during the last quarter. Finally, Mariner LLC increased its stake in shares of RLX Technology by 0.3% during the fourth quarter. Mariner LLC now owns 1,671,840 shares of the company’s stock worth $3,611,000 after purchasing an additional 4,987 shares during the period. 22.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Citigroup lowered their price target on shares of 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 downgraded RLX Technology from a “hold” rating to a “sell” rating in a research report on Saturday.

RLX Technology Price Performance

Shares of RLX opened at $1.97 on Tuesday. RLX Technology Inc. has a one year low of $1.50 and a one year high of $2.69. The company has a market cap of $3.09 billion, a P/E ratio of 49.26 and a beta of 1.03. The firm has a 50 day simple moving average of $1.86 and a two-hundred day simple moving average of $2.03.

RLX Technology (NYSE:RLX) last released its quarterly earnings data on Friday, May 16th. The company reported $0.02 earnings per share 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 analyst estimates of $763.38 million. RLX Technology had a net margin of 15.70% and a return on equity of 2.48%.

About RLX Technology

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.