Baxter Bros Inc. Acquires Shares of 111,200 Chime Financial, Inc. $CHYM

Key Points

• Baxter Bros Inc. acquired a new position of 111,200 shares of Chime Financial (NASDAQ:CHYM) in Q4, valued at about $2.799 million.
• Other institutions have been piling in—Capital Research Global Investors raised its stake to 6,878,057 shares (a 90% increase, worth ~$138.73M) while firms like Orland Properties and Scge Management opened multi‑hundred‑million‑dollar positions.
• Analyst sentiment is broadly positive with a consensus "Moderate Buy" and a target of $31.58; CHYM opened at $23.41, has a market cap of ~$8.99B and a negative P/E, and recently beat EPS expectations while revenue grew 25.5% year‑over‑year.

Baxter Bros Inc. acquired a new position in shares of Chime Financial, Inc. (NASDAQ:CHYM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 111,200 shares of the company's stock, valued at approximately $2,799,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors raised its position in shares of Chime Financial by 90.0% during the 3rd quarter. Capital Research Global Investors now owns 6,878,057 shares of the company's stock worth $138,730,000 after purchasing an additional 3,258,179 shares during the period. Orland Properties Ltd acquired a new position in Chime Financial during the 2nd quarter valued at approximately $159,093,000. Scge Management L.P. bought a new position in Chime Financial during the 2nd quarter worth $152,563,000. Davis Selected Advisers bought a new position in Chime Financial during the 3rd quarter worth $48,391,000. Finally, Greenhouse Funds LLLP increased its position in Chime Financial by 210.5% in the third quarter. Greenhouse Funds LLLP now owns 2,352,911 shares of the company's stock worth $47,458,000 after buying an additional 1,595,078 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHYM. Compass Point raised shares of Chime Financial from a "neutral" rating to a "buy" rating and reduced their price target for the company from $33.00 to $27.00 in a report on Monday. Rothschild & Co Redburn raised shares of Chime Financial to a "hold" rating in a report on Monday, January 26th. Keefe, Bruyette & Woods upgraded shares of Chime Financial from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, February 26th. The Goldman Sachs Group boosted their target price on shares of Chime Financial from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. Finally, Texas Capital upgraded shares of Chime Financial to a "strong-buy" rating in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.58.

Chime Financial Price Performance

CHYM stock opened at $23.41 on Friday. The company has a 50-day simple moving average of $20.56 and a 200 day simple moving average of $21.85. The company has a market capitalization of $8.99 billion and a P/E ratio of -3.10. Chime Financial, Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $44.94.

Chime Financial (NASDAQ:CHYM - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.08. The firm had revenue of $596.36 million for the quarter. Chime Financial had a negative net margin of 46.18% and a negative return on equity of 70.90%. The firm's quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.30) EPS.

Chime Financial 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.

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