Clear Secure, Inc. (NYSE:YOU) Stake Increased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,433,165 shares of the company's stock after purchasing an additional 86,311 shares during the period. Geode Capital Management LLC owned 1.75% of Clear Secure worth $64,832,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock worth $30,000 after acquiring an additional 771 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after purchasing an additional 766 shares during the last quarter. Harbour Investments Inc. grew its position in shares of Clear Secure by 23.0% in the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock valued at $64,000 after purchasing an additional 450 shares during the period. SBI Securities Co. Ltd. acquired a new position in Clear Secure in the fourth quarter valued at $83,000. Finally, Blue Trust Inc. lifted its position in Clear Secure by 376.0% during the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock worth $91,000 after buying an additional 2,696 shares during the period. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Price Performance

Clear Secure stock traded down $0.13 during midday trading on Tuesday, hitting $27.19. 1,681,600 shares of the company were exchanged, compared to its average volume of 2,000,542. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The company's fifty day moving average price is $24.95 and its 200-day moving average price is $27.42. The company has a market cap of $3.72 billion, a PE ratio of 31.62 and a beta of 1.25.

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Clear Secure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a $0.125 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.84%. Clear Secure's dividend payout ratio (DPR) is presently 32.47%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on YOU. Stifel Nicolaus dropped their price objective on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $42.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.