CIBC Private Wealth Group LLC Sells 20,615 Shares of Clear Secure, Inc. (NYSE:YOU)

CIBC Private Wealth Group LLC cut its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 16.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,796 shares of the company's stock after selling 20,615 shares during the period. CIBC Private Wealth Group LLC owned 0.07% of Clear Secure worth $2,792,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Clear Secure by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company's stock worth $333,718,000 after purchasing an additional 473,207 shares in the last quarter. State Street Corp grew its holdings 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 worth $111,381,000 after acquiring an additional 1,312,419 shares during the period. Pacer Advisors Inc. increased its position in shares of Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock valued at $81,300,000 after purchasing an additional 3,039,236 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Clear Secure by 112.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock valued at $73,707,000 after buying an additional 1,463,748 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Clear Secure by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company's stock worth $77,788,000 after purchasing an additional 141,208 shares during the period. 73.80% of the stock is currently owned by institutional investors.

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Clear Secure Price Performance

Shares of NYSE YOU traded down $0.33 during midday trading on Monday, reaching $24.57. 2,842,186 shares of the stock traded hands, compared to its average volume of 1,982,352. The company's 50 day moving average is $24.55 and its 200 day moving average is $27.72. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The stock has a market capitalization of $3.36 billion, a PE ratio of 28.56 and a beta of 1.25.

Clear Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 annualized dividend and a yield of 2.04%. Clear Secure's dividend payout ratio (DPR) is currently 32.47%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on YOU shares. Needham & Company LLC reissued a "buy" rating and set a $45.00 price target on shares of Clear Secure in a report on Monday, March 24th. Stifel Nicolaus cut their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $42.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

Clear Secure Company 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.