Clear Secure, Inc. (NYSE:YOU) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 74.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,322,514 shares of the company's stock after buying an additional 1,422,999 shares during the period. Wellington Management Group LLP owned approximately 2.38% of Clear Secure worth $88,512,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in YOU. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 771 shares during the period. SRS Capital Advisors Inc. boosted its stake 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 buying an additional 766 shares during the period. Harbour Investments Inc. boosted its stake in shares of Clear Secure by 23.0% during the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after buying an additional 450 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Clear Secure in the fourth quarter valued at about $83,000. Finally, Blue Trust Inc. lifted its position in Clear Secure by 376.0% in the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock valued at $91,000 after purchasing an additional 2,696 shares during the period. Institutional investors and hedge funds own 73.80% of the company's stock.

Clear Secure Price Performance

Clear Secure stock traded down $0.40 during mid-day trading on Thursday, reaching $25.79. The company had a trading volume of 194,201 shares, compared to its average volume of 1,988,703. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The company has a market capitalization of $3.53 billion, a P/E ratio of 30.04 and a beta of 1.25. The stock's 50-day simple moving average is $24.66 and its 200-day simple moving average is $27.58.

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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 dividend of $0.125 per share. The ex-dividend date was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.94%. Clear Secure's dividend payout ratio (DPR) is 32.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Needham & Company LLC restated a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Monday, March 24th. Stifel Nicolaus reduced 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 report on Thursday, February 27th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $42.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.00.

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.