Clearbridge Investments LLC Has $24.81 Million Stake in Clear Secure, Inc. (NYSE:YOU)

Clearbridge Investments LLC decreased its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 931,369 shares of the company's stock after selling 193,729 shares during the quarter. Clearbridge Investments LLC owned 0.67% of Clear Secure worth $24,812,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock worth $30,000 after acquiring an additional 771 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Clear Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after purchasing an additional 766 shares during the period. Harbour Investments Inc. boosted its position in shares of Clear Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock valued at $64,000 after purchasing an additional 450 shares during the period. SBI Securities Co. Ltd. purchased a new position in Clear Secure in the 4th quarter worth about $83,000. Finally, Blue Trust Inc. raised its holdings in Clear Secure by 376.0% during the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock worth $91,000 after buying an additional 2,696 shares during the period. Institutional investors and hedge funds own 73.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on YOU. Stifel Nicolaus decreased their target price on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $42.00 price objective on shares of Clear Secure in a research note on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $34.00.

Clear Secure Stock Down 1.4 %

Shares of YOU traded down $0.35 during trading hours on Friday, reaching $24.92. The company's stock had a trading volume of 2,674,211 shares, compared to its average volume of 1,978,911. The company has a 50 day moving average of $24.54 and a two-hundred day moving average of $27.78. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 28.97 and a beta of 1.25. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88.

Clear Secure Dividend Announcement

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 $0.125 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.50 annualized dividend and a yield of 2.01%. Clear Secure's dividend payout ratio 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.