Burney Co. Sells 31,733 Shares of Clear Secure, Inc. (NYSE:YOU)

Burney Co. lessened its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 70.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,171 shares of the company's stock after selling 31,733 shares during the period. Burney Co.'s holdings in Clear Secure were worth $351,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company's stock valued at $218,672,000 after buying an additional 1,547,692 shares during the period. State Street Corp increased 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 period. Geode Capital Management LLC raised its position in Clear Secure by 6.4% in the third 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 in the last quarter. Millennium Management LLC lifted its stake in Clear Secure by 56.3% during the second quarter. Millennium Management LLC now owns 2,103,578 shares of the company's stock worth $39,358,000 after purchasing an additional 757,528 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in Clear Secure during the third quarter valued at approximately $62,950,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Trading Down 0.0 %

Shares of YOU traded down $0.01 during mid-day trading on Friday, hitting $26.01. 1,136,611 shares of the company traded hands, compared to its average volume of 1,399,524. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 30.24 and a beta of 1.41. The business has a 50-day moving average of $26.68 and a 200 day moving average of $27.94. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

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

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This is an increase from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 1.92%. Clear Secure's dividend payout ratio is presently 58.14%.

Wall Street Analysts Forecast Growth

YOU has been the subject of several analyst reports. Telsey Advisory Group raised their target price on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Stifel Nicolaus upped their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research note on Monday, December 16th. Finally, Wedbush restated a "neutral" rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.20.

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.