Sequoia Financial Advisors LLC Acquires 29,301 Shares of Relx Plc $RELX

Sequoia Financial Advisors LLC boosted its holdings in shares of Relx Plc (NYSE:RELX) by 137.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,662 shares of the technology company’s stock after acquiring an additional 29,301 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Relx were worth $1,679,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Relx during the fourth quarter worth $26,000. Cornerstone Planning Group LLC boosted its stake in shares of Relx by 2,574.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after purchasing an additional 695 shares during the period. Whipplewood Advisors LLC grew its holdings in shares of Relx by 2,468.4% in the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock worth $32,000 after purchasing an additional 938 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in Relx by 3,040.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after buying an additional 760 shares during the period. Finally, Manchester Capital Management LLC increased its stake in Relx by 1,823.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock worth $43,000 after buying an additional 1,003 shares during the period. Institutional investors own 15.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RELX shares. Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Morgan Stanley downgraded shares of Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group assumed coverage on Relx in a report on Wednesday, June 3rd. They issued a “buy” rating for the company. Finally, Weiss Ratings upgraded Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Relx currently has an average rating of “Moderate Buy”.

Relx Price Performance

Shares of Relx stock opened at $33.52 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 2.38. The firm’s 50-day moving average is $32.75 and its two-hundred day moving average is $34.54. Relx Plc has a 1 year low of $27.57 and a 1 year high of $54.02.

Relx Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.