Yunqi Capital increases its stake in RLX Technology by 28.3% in Q2, becoming the fifth largest shareholder.
Yunqi Capital increased its stake in RELX Technology stocks in the second quarter of this year, according to a report by Dispatch Tribunal on October 25. The firm’s holdings saw a growth of 28.3% compared to the previous quarter.
According to the latest disclosure from the Securities and Exchange Commission (SEC), the institution has purchased 1,040,204 shares and now owns 4,720,204 shares of RELX Technology. Currently, RELX Technology accounts for approximately 6.1% of Yunqi Capital’s portfolio and has become its fifth-largest holding. Yunqi Capital’s investment value in RELX Technology is estimated at $8,355,000.
In recent times, several other hedge funds and institutional investors have also made adjustments in their holdings of RELX Technology. As of now, institutional investors and hedge funds’ combined holdings account for 22.68% of RELX Technology’s stock.
Recently, numerous stock research analysts have weighed in on RELX Technology Company. For instance, a report from UBS Group assigned a “buy” rating to the company and set a stock price target of $2.60. Citigroup, on the other hand, lowered its target price for RELX Technology stock from $3.15 to $2.40.