Clear Secure, Inc. (NYSE:YOU) Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,161 shares of the company’s stock after acquiring an additional 461 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Clear Secure were worth $590,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC raised its position in shares of Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after acquiring an additional 1,547,692 shares in the last quarter. State Street Corp grew its stake in Clear Secure by 64.1% during the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock worth $111,381,000 after buying an additional 1,312,419 shares during the last quarter. Pacer Advisors Inc. grew its stake in Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock worth $81,300,000 after buying an additional 3,039,236 shares during the last quarter. Geode Capital Management LLC grew its stake in Clear Secure by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock worth $77,788,000 after buying an additional 141,208 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in Clear Secure during the 3rd quarter worth approximately $62,950,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wedbush restated a “neutral” rating and set a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Stifel Nicolaus lowered their target price on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research note on Thursday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Price Performance

Clear Secure stock opened at $23.70 on Monday. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88. The company has a market cap of $3.30 billion, a PE ratio of 27.56 and a beta of 1.38. The stock’s 50 day moving average price is $24.84 and its 200 day moving average price is $28.44.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be paid a $0.125 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.11%. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

Clear Secure Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.