Oasis Management Co Ltd. Has $10.28 Million Position in RLX Technology Inc. (NYSE:RLX)

Oasis Management Co Ltd. grew its holdings in RLX Technology Inc. (NYSE:RLX) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,137,739 shares of the company’s stock after purchasing an additional 357,334 shares during the quarter. RLX Technology comprises about 1.9% of Oasis Management Co Ltd.’s portfolio, making the stock its 12th biggest position. Oasis Management Co Ltd. owned approximately 0.33% of RLX Technology worth $10,275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of RLX Technology by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 31,061,726 shares of the company’s stock worth $46,903,000 after purchasing an additional 578,728 shares in the last quarter. Nomura Holdings Inc. boosted its holdings in RLX Technology by 118.9% in the third quarter. Nomura Holdings Inc. now owns 15,974,504 shares of the company’s stock worth $24,122,000 after acquiring an additional 8,677,765 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in RLX Technology by 77.9% in the third quarter. Canada Pension Plan Investment Board now owns 2,586,097 shares of the company’s stock valued at $3,905,000 after acquiring an additional 1,132,697 shares during the period. SCEP Management Ltd grew its stake in RLX Technology by 25.0% in the third quarter. SCEP Management Ltd now owns 2,500,000 shares of the company’s stock valued at $3,775,000 after acquiring an additional 500,000 shares during the period. Finally, Yong Rong HK Asset Management Ltd increased its holdings in shares of RLX Technology by 5.3% during the fourth quarter. Yong Rong HK Asset Management Ltd now owns 2,000,000 shares of the company’s stock valued at $4,000,000 after acquiring an additional 100,000 shares in the last quarter. Institutional investors own 22.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on RLX. TheStreet upgraded RLX Technology from a “d” rating to a “c-” rating in a report on Monday, March 18th. Citigroup raised their price objective on shares of RLX Technology from $2.40 to $2.76 and gave the company a “buy” rating in a research note on Monday, March 18th.

RLX Technology Stock Performance

RLX traded down $0.02 during midday trading on Friday, reaching $1.91. 2,566,759 shares of the company were exchanged, compared to its average volume of 3,918,881. RLX Technology Inc. has a one year low of $1.39 and a one year high of $2.40. The company’s fifty day moving average price is $1.93 and its 200 day moving average price is $1.95. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 38.21 and a beta of 0.93.

RLX Technology (NYSE:RLX) last announced its quarterly earnings results on Friday, March 15th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $73.31 million during the quarter. RLX Technology had a return on equity of 2.91% and a net margin of 24.39%.

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.