Point72 Hong Kong Ltd Makes New $2.39 Million Investment in RLX Technology Inc. (NYSE:RLX)

Point72 Hong Kong Ltd purchased a new position in RLX Technology Inc. (NYSE:RLX) in the third quarter, HoldingsChannel reports. The institutional investor purchased 1,317,992 shares of the company’s stock, valued at approximately $2,386,000.

Several other institutional investors and hedge funds have also made changes to their positions in RLX. Blue Trust Inc. lifted its holdings in shares of RLX Technology by 284.8% during the third quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock worth $65,000 after purchasing an additional 26,220 shares during the period. Profund Advisors LLC acquired a new stake in RLX Technology during the 2nd quarter valued at approximately $72,000. Bank of New York Mellon Corp boosted its holdings in shares of RLX Technology by 36.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock valued at $73,000 after acquiring an additional 10,596 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of RLX Technology in the third quarter worth $108,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of RLX Technology during the second quarter worth $146,000. 22.68% of the stock is currently owned by institutional investors and hedge funds.

RLX Technology Stock Performance

NYSE:RLX opened at $1.98 on Monday. The firm’s fifty day moving average is $1.72 and its two-hundred day moving average is $1.76. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 49.50 and a beta of 0.93. RLX Technology Inc. has a one year low of $1.50 and a one year high of $2.27.

RLX Technology Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.01 per share. This represents a dividend yield of 0.59%. The ex-dividend date is Friday, December 6th. RLX Technology’s dividend payout ratio (DPR) is 25.00%.

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.