Tiger Global Management Reduces $52M in Chime Financial, Inc. ($CHYM)
Key Points
- Tiger Global Management changed its Chime Financial, Inc. ($CHYM) stake by 21.9% last quarter, cutting to 11,081,780 shares worth $185.07 million.
- Wall Street's consensus rating on $CHYM is Buy and an average price target of $30.61.
- $CHYM last traded around $16.70.
Tiger Global Management reduced its position in Chime Financial, Inc. ($CHYM) by 21.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,081,780 shares of Chime Financial, Inc. after selling 3,110,719 shares during the quarter. Tiger Global Management's holdings in Chime Financial, Inc. were worth $185.07 million as of its most recent filing.
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About Chime Financial, Inc.
Chime Financial, Inc., a financial technology company, provides digital consumer banking and payment solutions in the United States and internationally. The company offers various products, such as spending, including checking accounts, debit cards, ATM and cash deposit networks, paycheck, outbound instant transfer; Chime Plus, a fee-free mobile banking experience; liquidity products, such as SpotMe, MyPay, and Instant Loans; building credit solutions comprising chime card and credit builder credit card, and FICO score tracking; savings and perks products; community focused products, including Pay Anyone and SpotMe Boosts; Enterprise offers Chime Workplace, a suite of financial services and employee benefits tools to their employees; and other support and operations. The company was formerly known as 1Debit Inc. and changed its name to Chime Financial, Inc. in June 2019. Chime Financial, Inc. was incorporated in 2012 and is headquartered in San Francisco, California.
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