First Hawaiian Bank Purchases 33,200 Shares of Clear Secure, Inc. (NYSE:YOU)

First Hawaiian Bank raised its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 325.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,396 shares of the company's stock after buying an additional 33,200 shares during the quarter. First Hawaiian Bank's holdings in Clear Secure were worth $1,156,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its position in Clear Secure by 0.5% during the second quarter. Hsbc Holdings PLC now owns 78,968 shares of the company's stock worth $1,467,000 after buying an additional 409 shares in the last quarter. Truist Financial Corp increased its position in shares of Clear Secure by 2.0% during the second quarter. Truist Financial Corp now owns 29,061 shares of the company's stock valued at $544,000 after purchasing an additional 582 shares during the period. Principal Financial Group Inc. raised its stake in shares of Clear Secure by 6.1% in the second quarter. Principal Financial Group Inc. now owns 11,859 shares of the company's stock valued at $222,000 after purchasing an additional 681 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Clear Secure in the third quarter worth $26,000. Finally, GAMMA Investing LLC boosted its stake in 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 buying an additional 771 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

Clear Secure Stock Performance

Clear Secure stock traded down $0.37 during trading hours on Friday, hitting $26.79. 779,719 shares of the stock were exchanged, compared to its average volume of 1,005,020. The stock has a market capitalization of $3.73 billion, a P/E ratio of 31.15 and a beta of 1.41. The business's 50-day moving average is $27.39 and its two-hundred day moving average is $27.62. 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 released its quarterly earnings results 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 return on equity of 48.28% and a net margin of 10.93%. The business had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. During the same quarter last year, the company earned $0.20 earnings per share. The firm's revenue was up 23.7% on a year-over-year basis. On average, equities analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.87%. This is a boost from Clear Secure's previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, December 10th. Clear Secure's payout ratio is currently 58.14%.

Analysts Set New Price Targets

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

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.