Sequoia Financial Advisors LLC Buys 844 Shares of Relx Plc (NYSE:RELX)

Sequoia Financial Advisors LLC lifted its stake in shares of Relx Plc (NYSE:RELX) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,036 shares of the technology company’s stock after purchasing an additional 844 shares during the period. Sequoia Financial Advisors LLC’s holdings in Relx were worth $761,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital International Investors increased its stake in shares of Relx by 22.6% in the 1st quarter. Capital International Investors now owns 8,813,337 shares of the technology company’s stock valued at $381,529,000 after buying an additional 1,623,705 shares during the period. Captrust Financial Advisors raised its holdings in Relx by 185.6% during the 1st quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock worth $28,977,000 after purchasing an additional 434,963 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Relx by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,967,642 shares of the technology company’s stock valued at $136,155,000 after purchasing an additional 169,284 shares during the period. Clearbridge Investments LLC lifted its position in Relx by 7.2% during the 2nd quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company’s stock valued at $103,709,000 after purchasing an additional 152,154 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Relx in the second quarter valued at approximately $5,016,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Trading Up 0.7 %

NYSE:RELX opened at $47.42 on Friday. Relx Plc has a 1 year low of $33.94 and a 1 year high of $48.91. The stock has a 50-day moving average price of $47.14 and a two-hundred day moving average price of $45.33. The stock has a market cap of $88.59 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 3.32 and a beta of 0.89.

Analysts Set New Price Targets

RELX has been the subject of a number of analyst reports. Citigroup raised Relx to a “strong-buy” rating in a research note on Tuesday, September 17th. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a report on Saturday, August 31st.

About Relx

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.