Signaturefd LLC Trims Stake in RLX Technology Inc. (NYSE:RLX)

Signaturefd LLC reduced its position in shares of RLX Technology Inc. (NYSE:RLX) by 12.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,305 shares of the company’s stock after selling 8,907 shares during the quarter. Signaturefd LLC’s holdings in RLX Technology were worth $118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in RLX. SG Americas Securities LLC increased its holdings in shares of RLX Technology by 7,420.4% in the 2nd quarter. SG Americas Securities LLC now owns 4,729,553 shares of the company’s stock valued at $8,702,000 after acquiring an additional 4,666,663 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in RLX Technology during the 2nd quarter worth about $146,000. Profund Advisors LLC acquired a new stake in RLX Technology during the 2nd quarter worth about $72,000. Blue Trust Inc. lifted its position in RLX Technology by 284.8% during the 3rd quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock worth $65,000 after acquiring an additional 26,220 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in RLX Technology by 36.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock worth $73,000 after acquiring an additional 10,596 shares during the period. 22.68% of the stock is currently owned by hedge funds and other institutional investors.

RLX Technology Stock Performance

Shares of RLX opened at $1.70 on Tuesday. The stock has a 50-day moving average of $1.70 and a two-hundred day moving average of $1.79. RLX Technology Inc. has a one year low of $1.50 and a one year high of $2.40. The stock has a market cap of $2.67 billion, a P/E ratio of 42.51 and a beta of 0.92.

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

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.