Skandinaviska Enskilda Banken AB publ Purchases 224,200 Shares of Clear Secure, Inc. (NYSE:YOU)

Skandinaviska Enskilda Banken AB publ boosted its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 71.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 537,800 shares of the company's stock after buying an additional 224,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.39% of Clear Secure worth $14,558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its position in Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company's stock worth $218,672,000 after purchasing an additional 1,547,692 shares during the last quarter. State Street Corp grew its position in Clear Secure by 64.1% in the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company's stock worth $111,381,000 after purchasing an additional 1,312,419 shares during the last quarter. Pacer Advisors Inc. grew its position in Clear Secure by 24,161.2% in the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock worth $81,300,000 after purchasing an additional 3,039,236 shares during the last quarter. Geode Capital Management LLC grew its position 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 last quarter. Finally, Wellington Management Group LLP acquired a new stake in Clear Secure in the 3rd quarter worth $62,950,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

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

Clear Secure Price Performance

Shares of Clear Secure stock traded up $1.13 during trading on Wednesday, hitting $27.68. 2,672,812 shares of the company's stock traded hands, compared to its average volume of 2,205,917. The firm's fifty day moving average price is $24.38 and its 200 day moving average price is $28.14. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88. The company has a market cap of $3.79 billion, a PE ratio of 32.18 and a beta of 1.37.

Clear Secure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.81%. The ex-dividend date was Monday, March 10th. Clear Secure's dividend payout ratio is currently 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.