Global Advisors Ltd Dst Sells 713,289 Shares of Chime Financial (NASDAQ:CHYM) Stock

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 713,289 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $32.14, for a total transaction of $22,925,108.46. Following the sale, the insider directly owned 455,545 shares in the company, valued at approximately $14,641,216.30. This represents a 61.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Global Advisors Ltd Dst also recently made the following trade(s):

• On Friday, August 14th, Global Advisors Ltd Dst sold 524,661 shares of Chime Financial stock. The stock was sold at an average price of $32.18, for a total transaction of $16,883,590.98.
• On Wednesday, August 12th, Global Advisors Ltd Dst sold 2,022 shares of Chime Financial stock. The stock was sold at an average price of $32.01, for a total transaction of $64,724.22.
• On Tuesday, August 11th, Global Advisors Ltd Dst sold 1,039,303 shares of Chime Financial stock. The shares were sold at an average price of $32.11, for a total transaction of $33,372,019.33.
• On Thursday, August 6th, Global Advisors Ltd Dst sold 1,796,196 shares of Chime Financial stock. The stock was sold at an average price of $32.62, for a total value of $58,591,913.52.

Chime Financial Stock Performance

CHYM opened at $31.91 on Wednesday. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $33.41. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of -455.79 and a beta of 0.30. The company has a fifty day moving average of $22.44 and a two-hundred day moving average of $21.05.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The firm’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($7.29) earnings per share. On average, equities research analysts forecast that Chime Financial, Inc. will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Chime Financial

Institutional investors have recently modified their holdings of the stock. AMS Capital Ltda acquired a new stake in Chime Financial in the first quarter valued at approximately $3,439,000. Farther Finance Advisors LLC increased its position in Chime Financial by 2,794.6% during the fourth quarter. Farther Finance Advisors LLC now owns 72,366 shares of the company’s stock worth $1,821,000 after buying an additional 69,866 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Chime Financial by 2,720.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock valued at $51,630,000 after buying an additional 2,658,816 shares in the last quarter. Hsbc Holdings PLC bought a new position in Chime Financial in the 4th quarter worth $1,274,000. Finally, Evergreen Capital Management LLC bought a new stake in shares of Chime Financial in the fourth quarter valued at approximately $8,608,000.

Chime Financial News Roundup

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Chime’s earnings call highlighted continued profitable growth, reinforcing the company’s recent quarterly performance. Chime reported quarterly revenue of $669.8 million, up 26.8% year over year, and earnings of $0.07 per share versus analysts’ expectation of a $0.01 loss. Chime Financial Earnings Call Highlights Profitable Growth
• Positive Sentiment: Morgan Stanley raised its price target for CHYM from $33 to $39 and maintained an “overweight” rating. The new target signals further potential upside and adds to a generally bullish analyst consensus following Chime’s earnings beat. Morgan Stanley Raises Chime Financial Price Target
• Neutral Sentiment: Analyst coverage remains broadly favorable, with multiple firms carrying Buy or Outperform ratings and recently increased targets. However, the stock’s strong rally has already pushed it above several prior price objectives, potentially limiting near-term upside unless estimates continue to rise.
• Negative Sentiment: Major shareholder Global Advisors Ltd Dst reported multiple sales totaling approximately 4.1 million shares between August 6 and August 14, including 524,661 shares sold for about $16.9 million and 713,289 shares sold for about $22.9 million. The transactions sharply reduced the shareholder’s position and could create selling pressure or raise concerns about near-term valuation. Chime Financial Major Shareholder Stock Sales

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. B. Riley Financial increased their price target on Chime Financial from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Barclays lifted their target price on shares of Chime Financial from $26.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Morgan Stanley lifted their price objective on Chime Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday. Weiss Ratings upgraded shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets lifted their price objective on shares of Chime Financial from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.39.

Chime Financial Company Profile

Chime Financial is a U.S.-based financial technology company offering mobile-first banking services designed to reduce fees and simplify everyday transactions. Founded in 2013 and headquartered in San Francisco, Chime operates a digital bank platform that provides customers with a checking account, a savings account, and a debit card without monthly maintenance fees, overdraft charges, or foreign transaction fees. The company’s platform is accessible via its mobile app, enabling users to manage their finances, track spending, and access customer support from their smartphones.

At the core of Chime’s service offering is its fee-free spending account, which includes early access to direct deposit funds—up to two days before scheduled payday—and instant transaction alerts.