Virtu Financial LLC Boosts Stake in RLX Technology Inc. (NYSE:RLX)

Virtu Financial LLC grew its position in shares of RLX Technology Inc. (NYSE:RLX) by 52.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,401 shares of the company’s stock after buying an additional 44,354 shares during the quarter. Virtu Financial LLC’s holdings in RLX Technology were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Centiva Capital LP bought a new stake in RLX Technology during the third quarter worth $29,000. Janney Montgomery Scott LLC bought a new stake in shares of RLX Technology during the 4th quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of RLX Technology in the 4th quarter worth about $42,000. Catalina Capital Group LLC bought a new position in RLX Technology during the fourth quarter valued at about $63,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in RLX Technology during the third quarter worth about $108,000. Hedge funds and other institutional investors own 22.68% of the company’s stock.

RLX Technology Price Performance

NYSE:RLX opened at $1.97 on Friday. The company has a market capitalization of $3.09 billion, a P/E ratio of 49.14 and a beta of 0.93. The business has a fifty day simple moving average of $2.24 and a two-hundred day simple moving average of $1.98. RLX Technology Inc. has a 1 year low of $1.50 and a 1 year high of $2.69.

RLX Technology (NYSE:RLX) last announced its quarterly earnings data on Friday, March 14th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.19). The firm had revenue of $111.46 million during the quarter, compared to analysts’ expectations of $764.69 million. RLX Technology had a return on equity of 2.48% and a net margin of 15.70%.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of RLX Technology from a “buy” rating to a “neutral” rating and reduced their target price for the company from $2.80 to $2.50 in a research report on Monday, March 17th.

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.