RLX Technology Inc. (NYSE:RLX) Shares Sold by Adero Partners LLC

Adero Partners LLC lessened its holdings in shares of RLX Technology Inc. (NYSE:RLX) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,061,263 shares of the company’s stock after selling 38,123 shares during the period. Adero Partners LLC’s holdings in RLX Technology were worth $4,452,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Point72 Asset Management L.P. lifted its position in shares of RLX Technology by 8,292.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company’s stock valued at $2,377,000 after acquiring an additional 1,297,651 shares during the period. Franklin Resources Inc. raised its holdings in RLX Technology by 14.5% during the third quarter. Franklin Resources Inc. now owns 293,830 shares of the company’s stock worth $497,000 after purchasing an additional 37,294 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in RLX Technology during the third quarter worth $108,000. Point72 Hong Kong Ltd acquired a new stake in RLX Technology in the third quarter valued at $2,386,000. Finally, SG Americas Securities LLC grew its holdings in RLX Technology by 7.6% in the fourth quarter. SG Americas Securities LLC now owns 303,215 shares of the company’s stock valued at $655,000 after purchasing an additional 21,476 shares during the last quarter. Hedge funds and other institutional investors own 22.68% of the company’s stock.

RLX Technology Stock Down 0.7 %

NYSE:RLX opened at $2.25 on Thursday. RLX Technology Inc. has a 52-week low of $1.50 and a 52-week high of $2.37. The stock has a fifty day simple moving average of $2.09 and a 200-day simple moving average of $1.84. The company has a market capitalization of $3.53 billion, a PE ratio of 56.14 and a beta of 0.97.

RLX Technology Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.01 per share. This represents a yield of 0.59%. The ex-dividend date was Friday, December 6th. RLX Technology’s payout ratio is currently 25.01%.

RLX Technology Company 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.