AQR Capital Management LLC cut its holdings in shares of RLX Technology Inc. (NYSE:RLX – Free Report) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 373,748 shares of the company’s stock after selling 24,876 shares during the quarter. AQR Capital Management LLC’s holdings in RLX Technology were worth $688,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in 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 valued at $8,702,000 after purchasing an additional 4,666,663 shares during the last quarter. Bank of New York Mellon Corp increased its stake in RLX Technology by 36.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock worth $73,000 after buying an additional 10,596 shares during the period. Finally, Profund Advisors LLC acquired a new position in RLX Technology during the 2nd quarter worth approximately $72,000. 22.68% of the stock is currently owned by institutional investors and hedge funds.
RLX Technology Stock Up 1.1 %
NYSE RLX opened at $1.76 on Monday. The firm has a 50 day moving average of $1.70 and a two-hundred day moving average of $1.81. RLX Technology Inc. has a 52 week low of $1.50 and a 52 week high of $2.40. The stock has a market capitalization of $2.76 billion, a PE ratio of 44.01 and a beta of 0.92.
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.
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