Clear Secure, Inc. (NYSE:YOU) Stock Holdings Lowered by Barclays PLC

Barclays PLC lessened its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 64.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 155,906 shares of the company's stock after selling 280,223 shares during the quarter. Barclays PLC owned approximately 0.11% of Clear Secure worth $5,167,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Foundry Partners LLC raised its stake in Clear Secure by 667.5% during the third quarter. Foundry Partners LLC now owns 213,815 shares of the company's stock valued at $7,086,000 after buying an additional 185,957 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Clear Secure in the 3rd quarter valued at approximately $2,010,000. New York State Teachers Retirement System raised its position in shares of Clear Secure by 402.1% during the 3rd quarter. New York State Teachers Retirement System now owns 38,376 shares of the company's stock valued at $1,272,000 after acquiring an additional 30,733 shares in the last quarter. Meritage Portfolio Management boosted its holdings in Clear Secure by 108.8% in the third quarter. Meritage Portfolio Management now owns 36,450 shares of the company's stock worth $1,208,000 after purchasing an additional 18,994 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Clear Secure by 68.8% in the second quarter. AQR Capital Management LLC now owns 453,262 shares of the company's stock worth $8,481,000 after purchasing an additional 184,795 shares during the period. Institutional investors own 73.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on YOU. Wedbush reissued a "neutral" rating and set a $26.00 target price (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Stifel Nicolaus raised their target price on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research note on Monday, December 16th. Finally, Telsey Advisory Group increased their price target on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Two 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.com, Clear Secure has an average rating of "Moderate Buy" and an average target price of $35.20.

Insider Buying and Selling at Clear Secure

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of Clear Secure stock in a transaction on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 37.85% of the stock is owned by corporate insiders.

Clear Secure Stock Performance

Shares of YOU traded up $1.05 during mid-day trading on Friday, reaching $26.66. 8,541,328 shares of the company's stock traded hands, compared to its average volume of 1,817,833. The business's 50-day moving average price is $30.18 and its 200-day moving average price is $26.69. The stock has a market capitalization of $3.72 billion, a P/E ratio of 31.00 and a beta of 1.43. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. The firm's revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 earnings per share. Equities research analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Tuesday, December 10th. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's dividend payout ratio is currently 58.14%.

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.