Swiss National Bank acquired a new position in shares of RLX Technology Inc. (NYSE:RLX) in the 1st quarter, Holdings Channel reports. The fund acquired 217,550 shares of the company’s stock, valued at approximately $2,254,000.
Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of RLX Technology during the first quarter worth $202,000. FNY Investment Advisers LLC acquired a new stake in shares of RLX Technology during the first quarter worth $209,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of RLX Technology during the first quarter worth $261,000. Belvedere Trading LLC acquired a new stake in shares of RLX Technology during the first quarter worth $309,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of RLX Technology during the first quarter worth $437,000. Institutional investors and hedge funds own 4.77% of the company’s stock.
RLX opened at $9.35 on Wednesday. RLX Technology Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $35.00. The firm has a fifty day moving average price of $10.52.
RLX Technology (NYSE:RLX) last released its quarterly earnings data on Friday, March 26th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $248.04 million for the quarter.
A number of research analysts recently issued reports on the stock. Citigroup assumed coverage on shares of RLX Technology in a research report on Friday, March 12th. They set a “buy” rating and a $20.00 target price for the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of RLX Technology in a research report on Monday, March 15th. They set a “buy” rating and a $20.00 target price for the company. Finally, China Renaissance Securities assumed coverage on shares of RLX Technology in a research report on Monday, February 22nd. They set a “buy” rating and a $30.00 target price for the company.
RLX Technology Profile
RLX Technology Inc, together with its subsidiaries, researchers, develops, manufactures, distributes, and sells e-vapor products in the People's Republic of China. It serves RELX branded partner stores and other retail outlets through distributors. The company was founded in 2018 and is based in Beijing, China.
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