Blue Trust Inc. Purchases 26,220 Shares of RLX Technology Inc. (NYSE:RLX)

Blue Trust Inc. grew its position in shares of RLX Technology Inc. (NYSE:RLX) by 284.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,428 shares of the company’s stock after acquiring an additional 26,220 shares during the quarter. Blue Trust Inc.’s holdings in RLX Technology were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RLX. SG Americas Securities LLC grew its holdings in 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 buying an additional 4,666,663 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in RLX Technology during the second quarter worth $146,000. Bank of New York Mellon Corp grew its holdings in 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 buying an additional 10,596 shares in the last quarter. Finally, Profund Advisors LLC bought a new stake in RLX Technology during the second quarter worth $72,000. Institutional investors own 22.68% of the company’s stock.

RLX Technology Trading Down 2.4 %

Shares of RLX Technology stock opened at $1.63 on Thursday. The stock has a fifty day simple moving average of $1.70 and a 200 day simple moving average of $1.79. RLX Technology Inc. has a 12-month low of $1.50 and a 12-month high of $2.40. The company has a market capitalization of $2.56 billion, a P/E ratio of 40.75 and a beta of 0.92.

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

About RLX Technology

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.