Point72 Asia Singapore Pte. Ltd. Takes $139,000 Position in RLX Technology Inc. (NYSE:RLX)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of RLX Technology Inc. (NYSE:RLX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 76,569 shares of the company’s stock, valued at approximately $139,000.

Other large investors have also recently bought and sold shares of the company. First Beijing Investment Ltd lifted its position in RLX Technology by 33.6% in the 3rd quarter. First Beijing Investment Ltd now owns 28,440,248 shares of the company’s stock worth $51,477,000 after buying an additional 7,159,064 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of RLX Technology by 7,420.4% during the second quarter. SG Americas Securities LLC now owns 4,729,553 shares of the company’s stock worth $8,702,000 after acquiring an additional 4,666,663 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in RLX Technology during the third quarter valued at $2,386,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in RLX Technology by 58.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,067 shares of the company’s stock valued at $1,108,000 after purchasing an additional 225,200 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in RLX Technology in the 2nd quarter worth about $146,000. 22.68% of the stock is owned by institutional investors and hedge funds.

RLX Technology Price Performance

RLX opened at $1.82 on Friday. The company has a market capitalization of $2.85 billion, a PE ratio of 45.38 and a beta of 1.03. The business has a 50-day moving average of $1.73 and a 200-day moving average of $1.76. RLX Technology Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $2.19.

RLX Technology Announces Dividend

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

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.