Canada Pension Plan Investment Board Has $7.64 Million Stake in RLX Technology Inc. (NYSE:RLX)

Canada Pension Plan Investment Board lowered its position in shares of RLX Technology Inc. (NYSE:RLX) by 11.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,152,610 shares of the company’s stock after selling 551,600 shares during the period. Canada Pension Plan Investment Board owned 0.26% of RLX Technology worth $7,641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in RLX. SG Americas Securities LLC increased its stake in shares of RLX Technology by 7,420.4% during the second quarter. SG Americas Securities LLC now owns 4,729,553 shares of the company’s stock worth $8,702,000 after purchasing an additional 4,666,663 shares during the period. Point72 Europe London LLP bought a new position in shares of RLX Technology during the fourth quarter worth approximately $616,000. Bank of New York Mellon Corp increased its stake in shares of RLX Technology by 36.5% during the second quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock worth $73,000 after purchasing an additional 10,596 shares during the period. Finally, Lindbrook Capital LLC increased its stake in shares of RLX Technology by 77.1% during the first quarter. Lindbrook Capital LLC now owns 17,586 shares of the company’s stock worth $34,000 after purchasing an additional 7,657 shares during the period. Institutional investors own 22.68% of the company’s stock.

RLX Technology Trading Up 6.3 %

Shares of NYSE RLX opened at $1.78 on Wednesday. The firm has a market cap of $2.79 billion, a P/E ratio of 35.50 and a beta of 0.91. RLX Technology Inc. has a 1-year low of $1.44 and a 1-year high of $2.40. The business’s 50 day moving average is $1.69 and its 200-day moving average is $1.82.

RLX Technology (NYSE:RLX) last posted its quarterly earnings data on Friday, August 16th. The company reported $0.01 EPS for the quarter. RLX Technology had a return on equity of 2.48% and a net margin of 18.25%. The firm had revenue of $86.30 million for the quarter.

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.