Clear Secure, Inc. (NYSE:YOU) Shares Sold by Globeflex Capital L P

Globeflex Capital L P trimmed its position in shares of Clear Secure, Inc. (NYSE:YOU) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,871 shares of the company’s stock after selling 4,901 shares during the period. Globeflex Capital L P’s holdings in Clear Secure were worth $1,515,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in shares of Clear Secure by 24,161.2% in the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock valued at $81,300,000 after acquiring an additional 3,039,236 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Clear Secure in the third quarter valued at $62,950,000. FMR LLC raised its stake in shares of Clear Secure by 30.6% in the third quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after acquiring an additional 1,547,692 shares in the last quarter. State Street Corp raised its stake in shares of Clear Secure by 64.1% in the third quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after acquiring an additional 1,312,419 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in shares of Clear Secure in the fourth quarter valued at $30,724,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on YOU. Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target on shares of Clear Secure in a report on Thursday, February 27th. Finally, Stifel Nicolaus decreased their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Clear Secure presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Clear Secure Stock Down 1.8 %

Shares of YOU stock opened at $24.48 on Friday. The stock has a market capitalization of $3.41 billion, a PE ratio of 28.46 and a beta of 1.37. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88. The stock’s 50-day moving average price is $24.40 and its 200 day moving average price is $28.20.

Clear Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure’s dividend payout ratio 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.