Massachusetts Financial Services Co. MA Has $3.95 Million Stock Position in Clear Secure, Inc. (NYSE:YOU)

Massachusetts Financial Services Co. MA increased its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,207 shares of the company's stock after buying an additional 21,456 shares during the period. Massachusetts Financial Services Co. MA owned about 0.11% of Clear Secure worth $3,948,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 771 shares during the period. SRS Capital Advisors Inc. raised its position in Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after purchasing an additional 766 shares during the last quarter. Harbour Investments Inc. raised its position in Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after purchasing an additional 450 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Clear Secure during the 4th quarter worth about $83,000. Finally, Blue Trust Inc. grew its position in shares of Clear Secure by 376.0% in the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock valued at $91,000 after buying an additional 2,696 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts have recently issued reports on YOU shares. Stifel Nicolaus lowered their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and set a $45.00 price target on shares of Clear Secure in a report on Monday, March 24th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $42.00 price target 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 assigned a buy rating to the stock. According to MarketBeat, Clear Secure presently has an average rating of "Moderate Buy" and a consensus price target of $34.00.

Clear Secure Price Performance

Shares of Clear Secure stock traded up $1.16 on Friday, hitting $27.05. 1,196,374 shares of the company's stock traded hands, compared to its average volume of 1,998,594. The company has a fifty day moving average of $24.78 and a two-hundred day moving average of $27.49. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 31.45 and a beta of 1.25.

Clear Secure Dividend Announcement

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

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.