Nomura Holdings Inc. Lowers Stake in RLX Technology Inc. (NYSE:RLX)

Nomura Holdings Inc. cut its holdings in RLX Technology Inc. (NYSE:RLX) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,929,590 shares of the company’s stock after selling 2,044,914 shares during the period. Nomura Holdings Inc. owned 0.89% of RLX Technology worth $27,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RLX. Quadrant Capital Group LLC lifted its holdings in shares of RLX Technology by 18.0% in the 4th quarter. Quadrant Capital Group LLC now owns 92,575 shares of the company’s stock worth $185,000 after acquiring an additional 14,124 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in RLX Technology in the third quarter worth about $37,000. Panagora Asset Management Inc. purchased a new position in shares of RLX Technology during the fourth quarter valued at approximately $61,000. Hsbc Holdings PLC raised its holdings in shares of RLX Technology by 120.7% in the third quarter. Hsbc Holdings PLC now owns 115,466 shares of the company’s stock worth $174,000 after buying an additional 63,146 shares during the period. Finally, Yong Rong HK Asset Management Ltd lifted its stake in shares of RLX Technology by 5.3% during the 4th quarter. Yong Rong HK Asset Management Ltd now owns 2,000,000 shares of the company’s stock worth $4,000,000 after acquiring an additional 100,000 shares during the last quarter. 22.68% of the stock is currently owned by institutional investors.

RLX Technology Stock Down 0.5 %

Shares of NYSE RLX traded down $0.01 during mid-day trading on Tuesday, reaching $1.82. 193,739 shares of the company were exchanged, compared to its average volume of 5,011,147. RLX Technology Inc. has a 1 year low of $1.39 and a 1 year high of $2.40. The firm has a 50-day moving average of $1.91 and a 200 day moving average of $1.93. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 36.61 and a beta of 0.92.

RLX Technology (NYSE:RLX) last posted its quarterly earnings data on Friday, May 17th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $76.40 million for the quarter. RLX Technology had a return on equity of 2.91% and a net margin of 24.39%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RLX. Citigroup increased their target price on RLX Technology from $2.40 to $2.76 and gave the stock a “buy” rating in a research note on Monday, March 18th. TheStreet upgraded shares of RLX Technology from a “d” rating to a “c-” rating in a report on Monday, March 18th.

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.