Creative Planning Sells 6,816 Shares of RLX Technology Inc. (NYSE:RLX)

Creative Planning cut its holdings in RLX Technology Inc. (NYSE:RLX) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,853 shares of the company’s stock after selling 6,816 shares during the period. Creative Planning’s holdings in RLX Technology were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of RLX Technology in the 2nd quarter valued at about $146,000. Profund Advisors LLC bought a new stake in shares of RLX Technology in the 2nd quarter worth approximately $72,000. Bank of New York Mellon Corp raised its holdings in shares of RLX Technology by 36.5% in the 2nd 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, SG Americas Securities LLC raised 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 worth $8,702,000 after purchasing an additional 4,666,663 shares during the period. 22.68% of the stock is currently owned by institutional investors and hedge funds.

RLX Technology Price Performance

NYSE:RLX opened at $1.61 on Tuesday. The company has a market cap of $2.52 billion, a P/E ratio of 40.13 and a beta of 0.93. The stock’s fifty day moving average price is $1.69 and its two-hundred day moving average price is $1.78. RLX Technology Inc. has a 1 year low of $1.50 and a 1 year high of $2.40.

RLX Technology (NYSE:RLX) last posted its 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 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.