BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in RLX Technology Inc. (NYSE:RLX) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 50,000 shares of the company’s stock, valued at approximately $518,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Belvedere Trading LLC purchased a new stake in shares of RLX Technology in the 1st quarter valued at $309,000. WT Asset Management Ltd purchased a new stake in RLX Technology during the 1st quarter valued at $17,513,000. Finally, FNY Investment Advisers LLC purchased a new stake in RLX Technology during the 1st quarter valued at $209,000.
RLX has been the subject of several analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on shares of RLX Technology in a research report on Monday, March 15th. They set a “buy” rating and a $20.00 price target for the company. China Renaissance Securities started coverage on shares of RLX Technology in a report on Monday, February 22nd. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Citigroup started coverage on shares of RLX Technology in a report on Friday, March 12th. They issued a “buy” rating and a $20.00 price objective for the company.
RLX Technology (NYSE:RLX) last announced its quarterly earnings data on Friday, March 26th. The company reported ($0.03) EPS for the quarter. The company had revenue of $248.04 million for the quarter.
RLX Technology Company Profile
RLX Technology Inc, together with its subsidiaries, researchers, develops, manufactures, distributes, and sells e-vapor products in the People's Republic of China. It serves RELX branded partner stores and other retail outlets through distributors. The company was founded in 2018 and is based in Beijing, China.
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