Point72 Asset Management L.P. Has $2.38 Million Stock Position in RLX Technology Inc. (NYSE:RLX)

Point72 Asset Management L.P. lifted its stake in shares of RLX Technology Inc. (NYSE:RLX) by 8,292.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,313,300 shares of the company’s stock after purchasing an additional 1,297,651 shares during the quarter. Point72 Asset Management L.P. owned about 0.08% of RLX Technology worth $2,377,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in RLX Technology by 36.5% in the second 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 period. Centiva Capital LP bought a new position in shares of RLX Technology in the 3rd quarter worth $29,000. Blue Trust Inc. grew its position in RLX Technology by 284.8% in the 3rd quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock valued at $65,000 after purchasing an additional 26,220 shares during the period. Profund Advisors LLC bought a new stake in RLX Technology during the 2nd quarter valued at $72,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in RLX Technology during the third quarter worth $108,000. 22.68% of the stock is currently owned by institutional investors and hedge funds.

RLX Technology Price Performance

Shares of NYSE RLX opened at $1.93 on Tuesday. The company has a 50-day moving average price of $1.74 and a 200-day moving average price of $1.75. The stock has a market capitalization of $3.03 billion, a P/E ratio of 48.26 and a beta of 1.02. RLX Technology Inc. has a 1 year low of $1.50 and a 1 year high of $2.19.

RLX Technology Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.01 per share. This represents a yield of 0.59%. The ex-dividend date of this dividend is Friday, December 6th. RLX Technology’s dividend payout ratio is currently 25.01%.

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.