Invesco Ltd. Purchases 12,834 Shares of RLX Technology Inc. Sponsored ADR $RLX

Invesco Ltd. lifted its position in RLX Technology Inc. Sponsored ADR (NYSE:RLX) by 2.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 590,243 shares of the company’s stock after acquiring an additional 12,834 shares during the quarter. Invesco Ltd.’s holdings in RLX Technology were worth $1,110,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of RLX Technology by 6.0% in the 4th quarter. Bank of America Corp DE now owns 166,949 shares of the company’s stock worth $361,000 after acquiring an additional 9,512 shares during the last quarter. Hsbc Holdings PLC boosted its stake 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 valued at $429,000 after purchasing an additional 19,119 shares during the period. Headlands Technologies LLC boosted its stake in shares of RLX Technology by 411.8% during the first quarter. Headlands Technologies LLC now owns 25,766 shares of the company’s stock valued at $48,000 after purchasing an additional 20,732 shares during the period. Two Sigma Advisers LP boosted its stake 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 valued at $121,000 after purchasing an additional 36,800 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in shares of RLX Technology during the fourth quarter valued at $82,000. Institutional investors own 22.68% of the company’s stock.

Analyst Ratings Changes

RLX has been the subject of a number of recent analyst reports. Citigroup lowered their target price on shares of RLX Technology from $2.50 to $2.25 and set a “neutral” rating for the company in a research note on Monday, May 19th. Wall Street Zen raised shares of RLX Technology from a “sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $2.25.

RLX Technology Stock Performance

NYSE RLX opened at $2.54 on Wednesday. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 36.22 and a beta of 1.10. The company’s 50-day simple moving average is $2.28 and its two-hundred day simple moving average is $2.11. RLX Technology Inc. Sponsored ADR has a one year low of $1.57 and a one year high of $2.69.

RLX Technology (NYSE:RLX) last posted its earnings results on Friday, August 22nd. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). The business had revenue of $122.88 million for the quarter, compared to analysts’ expectations of $725.00 million. RLX Technology had a net margin of 22.32% and a return on equity of 4.54%.

RLX Technology Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.01 dividend. The ex-dividend date is Friday, September 12th. This represents a yield of 70.0%. RLX Technology’s payout ratio is currently 14.29%.

RLX Technology 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.