Fmr LLC Acquires 548,423 Shares of Relx Plc (NYSE:RELX)

Fmr LLC increased its stake in shares of Relx Plc (NYSE:RELX) by 8.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,148,837 shares of the technology company’s stock after purchasing an additional 548,423 shares during the quarter. Fmr LLC’s holdings in Relx were worth $339,284,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Private Trust Co. NA increased its position in shares of Relx by 119.9% in the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after acquiring an additional 566 shares during the period. Indiana Trust & Investment Management CO purchased a new position in shares of Relx during the 2nd quarter valued at approximately $52,000. Rothschild Investment LLC acquired a new stake in Relx in the 2nd quarter worth about $72,000. TFC Financial Management Inc. acquired a new position in Relx in the 2nd quarter valued at $88,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Relx in the second quarter valued at about $107,000. Institutional investors own 15.02% of the company’s stock.

Relx Trading Up 0.1 %

Shares of RELX opened at $47.08 on Friday. The firm has a market cap of $87.71 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.32 and a beta of 0.90. The company’s 50 day simple moving average is $47.07 and its 200-day simple moving average is $46.18. Relx Plc has a 12-month low of $38.08 and a 12-month high of $48.91.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup upgraded shares of Relx to a “strong-buy” rating in a report on Tuesday, September 17th. StockNews.com began coverage on Relx in a report on Wednesday, October 30th. They set a “hold” rating on the stock.

Relx Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.