354,811 Shares in RLX Technology Inc. Sponsored ADR $RLX Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of RLX Technology Inc. Sponsored ADR (NYSE:RLX) in the second quarter, Holdings Channel reports. The firm acquired 354,811 shares of the company’s stock, valued at approximately $674,000.

Other large investors also recently added to or reduced their stakes in the company. OLP CAPITAL MANAGEMENT Ltd bought a new position in RLX Technology in the 1st quarter worth about $29,013,000. Pictet Asset Management Holding SA increased its position in shares of RLX Technology by 1,517.6% during the first quarter. Pictet Asset Management Holding SA now owns 3,752,344 shares of the company’s stock worth $8,255,000 after acquiring an additional 3,520,377 shares during the period. Mackenzie Financial Corp bought a new stake in shares of RLX Technology during the third quarter valued at approximately $7,900,000. Mariner LLC boosted its holdings in shares of RLX Technology by 7,564.1% in the third quarter. Mariner LLC now owns 1,668,476 shares of the company’s stock valued at $4,388,000 after purchasing an additional 1,646,706 shares during the period. Finally, Capitolis Liquid Global Markets LLC bought a new position in RLX Technology in the fourth quarter worth approximately $3,519,000. 22.68% of the stock is owned by hedge funds and other institutional investors.

RLX Technology Stock Performance

NYSE RLX opened at $1.76 on Thursday. RLX Technology Inc. Sponsored ADR has a one year low of $1.74 and a one year high of $2.72. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 16.81 and a beta of 1.16. The company’s 50-day simple moving average is $1.92 and its two-hundred day simple moving average is $2.06.

RLX Technology (NYSE:RLX) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.06). RLX Technology had a return on equity of 6.20% and a net margin of 20.24%.The business had revenue of $148.73 million during the quarter, compared to analysts’ expectations of $173.99 million.

Analysts Set New Price Targets

RLX has been the topic of several research reports. Wall Street Zen downgraded RLX Technology from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of RLX Technology in a report on Friday, July 17th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, RLX Technology presently has a consensus rating of “Hold” and an average target price of $2.50.

RLX Technology Company Profile

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.