Nomura Holdings Inc. Cuts Holdings in RLX Technology Inc. Sponsored ADR $RLX

Nomura Holdings Inc. lowered its stake in RLX Technology Inc. Sponsored ADR (NYSE:RLX) by 53.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,590,622 shares of the company’s stock after selling 2,964,681 shares during the quarter. Nomura Holdings Inc. owned approximately 0.16% of RLX Technology worth $5,725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of RLX. Vanguard Group Inc. increased its holdings in RLX Technology by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 27,935,598 shares of the company’s stock valued at $52,519,000 after purchasing an additional 156,350 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in RLX Technology by 10.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 866,827 shares of the company’s stock worth $1,630,000 after acquiring an additional 82,413 shares in the last quarter. Invesco Ltd. increased its holdings in shares of RLX Technology by 2.2% during the first quarter. Invesco Ltd. now owns 590,243 shares of the company’s stock valued at $1,110,000 after acquiring an additional 12,834 shares in the last quarter. Nuveen LLC purchased a new position in shares of RLX Technology in the 1st quarter worth about $597,000. Finally, Russell Investments Group Ltd. boosted its stake in RLX Technology by 116.8% in the 1st quarter. Russell Investments Group Ltd. now owns 150,038 shares of the company’s stock worth $282,000 after purchasing an additional 80,821 shares in the last quarter. 22.68% of the stock is currently owned by institutional investors.

RLX Technology Stock Performance

Shares of RLX Technology stock opened at $2.40 on Tuesday. RLX Technology Inc. Sponsored ADR has a fifty-two week low of $1.66 and a fifty-two week high of $2.84. The company has a market capitalization of $3.76 billion, a P/E ratio of 34.21 and a beta of 1.09. The company has a fifty day moving average of $2.41 and a 200 day moving average of $2.36.

RLX Technology (NYSE:RLX) last posted its quarterly earnings results on Friday, November 14th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). RLX Technology had a return on equity of 4.74% and a net margin of 21.05%.The business had revenue of $158.63 million during the quarter, compared to analysts’ expectations of $139.99 million.

RLX Technology Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, February 9th. Shareholders of record on Monday, January 26th will be issued a dividend of $0.10 per share. This is a boost from RLX Technology’s previous annual dividend of $0.01. The ex-dividend date of this dividend is Monday, January 26th. This represents a dividend yield of 390.0%. RLX Technology’s payout ratio is currently 14.29%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RLX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RLX Technology in a report on Wednesday, October 8th. Wall Street Zen cut RLX Technology from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.25.

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.