312,471 Shares in RLX Technology Inc. Sponsored ADR $RLX Acquired by Sei Investments Co.

Sei Investments Co. bought a new position in shares of RLX Technology Inc. Sponsored ADR (NYSE:RLX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 312,471 shares of the company’s stock, valued at approximately $687,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP acquired a new position in shares of RLX Technology in the 1st quarter valued at $32,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of RLX Technology during the 1st quarter worth about $567,000. Pictet Asset Management Holding SA raised its holdings in RLX Technology by 1,517.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,752,344 shares of the company’s stock valued at $8,255,000 after buying an additional 3,520,377 shares during the period. Mackenzie Financial Corp raised its holdings in RLX Technology by 40.4% in the 4th quarter. Mackenzie Financial Corp now owns 4,218,617 shares of the company’s stock valued at $9,642,000 after buying an additional 1,214,766 shares during the period. Finally, Empowered Funds LLC purchased a new stake in RLX Technology in the 4th quarter valued at about $167,000. Hedge funds and other institutional investors own 22.68% of the company’s stock.

RLX Technology Trading Down 2.2%

RLX stock opened at $1.96 on Friday. The company has a market capitalization of $3.03 billion, a PE ratio of 19.55 and a beta of 1.20. RLX Technology Inc. Sponsored ADR has a 12-month low of $1.76 and a 12-month high of $2.84. The business’s fifty day moving average price is $1.96 and its 200 day moving average price is $2.13.

RLX Technology (NYSE:RLX) last posted its earnings results on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.06). RLX Technology had a return on equity of 6.15% and a net margin of 20.76%.The firm had revenue of $148.73 million for the quarter, compared to analyst estimates of $173.99 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of RLX Technology in a research note on Friday, July 17th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $2.50.

About RLX Technology

RLX Technology Inc (NYSE:RLX) is a China-based company specializing in electronic nicotine delivery systems. The company develops, manufactures and markets closed-pod vaping devices and prefilled cartridges, positioning its products as an alternative to traditional combustible tobacco. RLX emphasizes consistent nicotine delivery, flavor variety and convenience through its proprietary e-liquid formulations and device design.

RLX operates a vertically integrated business model that encompasses research and development, production, quality control and sales.