Renaissance Technologies LLC Has $98.52 Million Position in Clear Secure, Inc. (NYSE:YOU)

Renaissance Technologies LLC boosted its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 15.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,698,159 shares of the company's stock after purchasing an additional 501,000 shares during the period. Renaissance Technologies LLC owned 2.65% of Clear Secure worth $98,519,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings 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 valued at $333,718,000 after buying an additional 473,207 shares during the last quarter. State Street Corp lifted its stake in Clear Secure by 64.1% in the third 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 during the last quarter. Wellington Management Group LLP grew its position in shares of Clear Secure by 74.9% in the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock valued at $88,512,000 after acquiring an additional 1,422,999 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Clear Secure by 24,161.2% in 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 period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Clear Secure by 112.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock valued at $73,707,000 after purchasing an additional 1,463,748 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have issued reports on YOU. Stifel Nicolaus dropped their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $42.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective 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 issued a buy rating to the stock. According to MarketBeat.com, Clear Secure has an average rating of "Moderate Buy" and an average target price of $34.00.

Clear Secure Stock Up 0.0 %

Shares of YOU traded up $0.01 during mid-day trading on Monday, hitting $27.03. 354,280 shares of the company's stock were exchanged, compared to its average volume of 2,212,451. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The stock's 50-day simple moving average is $24.78 and its 200-day simple moving average is $27.46. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 31.43 and a beta of 1.25.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.85%. Clear Secure's dividend payout ratio (DPR) is presently 32.47%.

About Clear Secure

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.