Yunqi Capital Becomes Fifth Largest Shareholder of RELX with 6.1% Share

Market by 2FIRSTS.ai
Oct.26.2023
Yunqi Capital Becomes Fifth Largest Shareholder of RELX with 6.1% Share
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.

 

Yunqi Capital Becomes Fifth Largest Shareholder of RELX with 6.1% Share
Position stocks | Image source: moomoo

 

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.

 

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This article is translated from an original Chinese article available on 2firsts.cn by AI, and has been reviewed and edited by 2FIRSTS's English editorial team. The Chinese original text is the only authoritative source of information. The exclusive copyright and license rights to this article are held by 2FIRSTS Technology Co., Ltd. Any reproduction, reprinting, or redistribution of this article, either in part or in full, requires express written permission from 2FIRSTS and must include clear attribution along with a link to this content. Non-compliance may result in legal action. 2FIRSTS Technology Co., Ltd. reserves the right to pursue legal actions in case of unauthorized use or distribution.

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