Clear Secure, Inc. (NYSE:YOU) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 35.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,101 shares of the company's stock after buying an additional 18,861 shares during the quarter. Sei Investments Co. owned approximately 0.05% of Clear Secure worth $1,921,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in YOU. American Century Companies Inc. grew its holdings in Clear Secure by 18.1% during the 4th quarter. American Century Companies Inc. now owns 41,188 shares of the company's stock valued at $1,097,000 after buying an additional 6,316 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Clear Secure by 316.9% during the fourth quarter. Quantbot Technologies LP now owns 47,907 shares of the company's stock valued at $1,276,000 after acquiring an additional 36,415 shares during the last quarter. Lingohr Asset Management GmbH purchased a new stake in Clear Secure during the 4th quarter worth about $210,000. Magnetar Financial LLC purchased a new stake in Clear Secure during the 4th quarter worth about $692,000. Finally, Maryland State Retirement & Pension System raised its stake in Clear Secure by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 31,661 shares of the company's stock valued at $843,000 after purchasing an additional 509 shares during the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Clear Secure Trading Down 0.7 %

YOU traded down $0.18 during trading on Thursday, hitting $26.02. 1,563,345 shares of the company's stock were exchanged, compared to its average volume of 1,997,031. The stock has a 50 day moving average price of $24.71 and a 200 day moving average price of $27.53. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The firm has a market cap of $3.56 billion, a P/E ratio of 30.25 and a beta of 1.25.

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Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a $0.125 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.50 annualized dividend and a yield of 1.92%. Clear Secure's dividend payout ratio is currently 32.47%.

Analysts Set New Price Targets

A number of brokerages have recently commented on YOU. Telsey Advisory Group reiterated an "outperform" rating and set a $42.00 price target on shares of Clear Secure in a report on Thursday, February 27th. Stifel Nicolaus lowered their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price target on shares of Clear Secure in a research report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Clear Secure currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

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.