Charles Schwab Investment Management Inc. Has $24.47 Million Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Charles Schwab Investment Management Inc. grew its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 918,367 shares of the company's stock after purchasing an additional 46,213 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.66% of Clear Secure worth $24,465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC boosted its holdings 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 valued at $218,672,000 after acquiring an additional 1,547,692 shares in the last quarter. State Street Corp boosted its holdings in shares of Clear Secure by 64.1% during the 3rd 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. Pacer Advisors Inc. boosted its holdings 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 acquiring an additional 3,039,236 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Clear Secure by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company's stock valued at $77,788,000 after acquiring an additional 141,208 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Clear Secure during the 3rd quarter valued at $62,950,000. Institutional investors own 73.80% of the company's stock.

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Analysts Set New Price Targets

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

Clear Secure Stock Down 3.5 %

YOU traded down $0.93 during midday trading on Friday, hitting $25.70. 8,029,403 shares of the company were exchanged, compared to its average volume of 1,915,146. The firm has a market capitalization of $3.52 billion, a P/E ratio of 29.88 and a beta of 1.37. The firm's 50 day moving average price is $24.36 and its 200-day moving average price is $28.09. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88.

Clear Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Monday, March 10th. Clear Secure's dividend payout ratio is 32.47%.

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.