RLX Technology Inc. (NYSE:RLX) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in RLX Technology Inc. (NYSE:RLX) by 94.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 281,739 shares of the company’s stock after selling 4,447,814 shares during the quarter. SG Americas Securities LLC’s holdings in RLX Technology were worth $510,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Profund Advisors LLC purchased a new position in shares of RLX Technology during the 2nd quarter worth approximately $72,000. Bank of New York Mellon Corp raised its stake in RLX Technology by 36.5% in the second quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock valued at $73,000 after buying an additional 10,596 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in RLX Technology in the second quarter valued at approximately $146,000. 22.68% of the stock is currently owned by hedge funds and other institutional investors.

RLX Technology Stock Performance

RLX opened at $1.63 on Wednesday. RLX Technology Inc. has a one year low of $1.50 and a one year high of $2.40. The business’s 50-day simple moving average is $1.70 and its 200-day simple moving average is $1.80. The stock has a market capitalization of $2.56 billion, a P/E ratio of 32.60 and a beta of 0.92.

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