Wells Fargo & Company MN raised its position in shares of Relx PLC (NYSE:RELX) by 26.8% during the 1st quarter, HoldingsChannel reports. The fund owned 1,770,920 shares of the technology company’s stock after acquiring an additional 374,096 shares during the period. Wells Fargo & Company MN’s holdings in Relx were worth $37,986,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of RELX. Financial Gravity Wealth Inc. bought a new stake in shares of Relx in the 1st quarter worth approximately $30,000. Icon Wealth Partners LLC bought a new stake in shares of Relx in the 1st quarter worth approximately $32,000. Financial Gravity Companies Inc. bought a new stake in shares of Relx in the 4th quarter worth approximately $50,000. Parallel Advisors LLC boosted its position in shares of Relx by 1,003.9% in the 1st quarter. Parallel Advisors LLC now owns 2,826 shares of the technology company’s stock worth $61,000 after purchasing an additional 2,570 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its position in shares of Relx by 138.4% in the 1st quarter. Moody National Bank Trust Division now owns 3,075 shares of the technology company’s stock worth $66,000 after purchasing an additional 1,785 shares in the last quarter. 5.26% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on RELX shares. Zacks Investment Research raised Relx from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. Deutsche Bank cut Relx from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th.
RELX stock opened at $24.19 on Thursday. The company has a market capitalization of $25.16 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 3.43 and a beta of 0.47. Relx PLC has a 12-month low of $19.23 and a 12-month high of $24.26. The company has a current ratio of 0.44, a quick ratio of 0.40 and a debt-to-equity ratio of 2.11.
RELX PLC provides information based-analytics and decision tools for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals that enables progress in science, advance healthcare, and performance improvement.
Read More: Why is Cost of Capital Important?
Want to see what other hedge funds are holding RELX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Relx PLC (NYSE:RELX).
Receive News & Ratings for Relx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Relx and related companies with MarketBeat.com's FREE daily email newsletter.