Chime Financial (NASDAQ:CHYM) Major Shareholder Global Advisors Ltd Dst Sells 1,775,044 Shares

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 1,775,044 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $33.09, for a total transaction of $58,736,205.96. Following the completion of the sale, the insider owned 381,054 shares of the company’s stock, valued at approximately $12,609,076.86. This trade represents a 82.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major 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 Tuesday, August 25th, Global Advisors Ltd Dst sold 80,914 shares of Chime Financial stock. The stock was sold at an average price of $33.06, for a total transaction of $2,675,016.84.
• On Friday, August 21st, Global Advisors Ltd Dst sold 473,694 shares of Chime Financial stock. The stock was sold at an average price of $32.71, for a total transaction of $15,494,530.74.
• On Thursday, August 20th, Global Advisors Ltd Dst sold 383,031 shares of Chime Financial stock. The shares were sold at an average price of $33.02, for a total transaction of $12,647,683.62.
• On Wednesday, August 19th, Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock. The shares were sold at an average price of $32.66, for a total value of $145,538,087.62.
• On Tuesday, August 18th, Global Advisors Ltd Dst sold 353,812 shares of Chime Financial stock. The stock was sold at an average price of $32.21, for a total value of $11,396,284.52.
• On Friday, August 14th, Global Advisors Ltd Dst sold 524,661 shares of Chime Financial stock. The shares were sold at an average price of $32.18, for a total value of $16,883,590.98.
• On Thursday, August 13th, Global Advisors Ltd Dst sold 713,289 shares of Chime Financial stock. The shares were sold at an average price of $32.14, for a total transaction of $22,925,108.46.
• 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 value of $64,724.22.
• On Tuesday, August 11th, Global Advisors Ltd Dst sold 1,039,303 shares of Chime Financial stock. The stock was 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 shares were sold at an average price of $32.62, for a total transaction of $58,591,913.52.

Chime Financial Stock Performance

Chime Financial stock opened at $33.15 on Thursday. The business’s 50-day simple moving average is $24.35 and its 200-day simple moving average is $21.46. The firm has a market capitalization of $12.55 billion, a PE ratio of -473.50 and a beta of 0.31. Chime Financial, Inc. has a 52 week low of $15.88 and a 52 week high of $33.74.

Chime Financial (NASDAQ:CHYM) last announced 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. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The business had revenue of $669.77 million during the quarter. During the same period in the prior year, the company posted ($7.29) EPS. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. Research analysts forecast that Chime Financial, Inc. will post 0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in shares of Chime Financial in the 2nd quarter worth approximately $693,000. Legal & General Group Plc bought a new stake in Chime Financial in the second quarter valued at $136,000. Russell Investments Group Ltd. bought a new stake in Chime Financial in the second quarter valued at $958,000. EverSource Wealth Advisors LLC acquired a new position in Chime Financial during the second quarter worth $33,000. Finally, Marshall Wace LLP acquired a new position in Chime Financial during the second quarter worth $9,087,000.

Trending Headlines about Chime Financial

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

• Positive Sentiment: Analysts raised their price targets. Wolfe Research lifted its target from $32 to $38 and maintained an “outperform” rating, while Wells Fargo increased its target from $33 to $39 and retained an “overweight” rating. The revisions imply roughly 15% to 18% upside from the referenced $33.15 share price. Benzinga analyst price-target reports
• Positive Sentiment: Recent operating results remain a support. Chime’s latest quarterly earnings exceeded expectations, with EPS of $0.07 versus the consensus estimate of a $0.01 loss. Revenue rose 26.8% year over year to approximately $669.8 million, reinforcing the investment case for continued growth and improving profitability.
• Neutral Sentiment: Short-interest data provides no meaningful signal. Reported short interest was zero shares, with a zero-day days-to-cover ratio. Because the figures show no measurable short position, they do not indicate either notable short-covering support or elevated bearish pressure.
• Negative Sentiment: Global Advisors Ltd. Dst has continued to reduce its CHYM position. The major shareholder sold 1,775,044 shares on August 24 for approximately $58.7 million and another 80,914 shares on August 25 for about $2.7 million. Across the disclosed August transactions, the investor has sold millions of shares, reducing its position by more than 80% in the latest filing. The sales were reportedly primarily related to tax liabilities, but the large disposals can weigh on sentiment and increase available supply. SEC ownership filing

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Weiss Ratings lowered Chime Financial from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 20th. Piper Sandler upped their target price on Chime Financial from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Zacks Research raised Chime Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. B. Riley Financial lifted their price target on shares of Chime Financial from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group lifted their price target on shares of Chime Financial from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.33.

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.