Davis Selected Advisers Sells 12,901 Shares of Clear Secure, Inc. (NYSE:YOU)

Davis Selected Advisers decreased its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 579,686 shares of the company's stock after selling 12,901 shares during the quarter. Davis Selected Advisers owned 0.42% of Clear Secure worth $15,443,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC raised its position in shares of Clear Secure by 30.6% during 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 in the last quarter. State Street Corp boosted its holdings in shares of Clear Secure by 64.1% in the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company's stock worth $111,381,000 after purchasing an additional 1,312,419 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock valued at $81,300,000 after purchasing an additional 3,039,236 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Clear Secure by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company's stock valued at $77,788,000 after buying an additional 141,208 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in Clear Secure in the 3rd quarter worth approximately $62,950,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $42.00 price objective on shares of Clear Secure in a report on Thursday, February 27th. Finally, Stifel Nicolaus dropped their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.00.

Clear Secure Price Performance

Clear Secure stock traded down $0.09 during mid-day trading on Wednesday, reaching $25.08. 2,413,296 shares of the company traded hands, compared to its average volume of 2,169,829. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 29.16 and a beta of 1.37. The firm's 50 day moving average price is $24.53 and its 200 day moving average price is $28.28.

Clear Secure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Monday, March 10th. Clear Secure's dividend payout ratio is currently 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.