Fmr LLC Increases Position in Clear Secure, Inc. (NYSE:YOU)

FMR LLC increased its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 30.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,598,424 shares of the company's stock after purchasing an additional 1,547,692 shares during the quarter. FMR LLC owned approximately 4.74% of Clear Secure worth $218,672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its position in shares of Clear Secure by 232.1% during the 1st quarter. Janus Henderson Group PLC now owns 115,282 shares of the company's stock worth $2,452,000 after buying an additional 80,569 shares during the last quarter. Foundry Partners LLC lifted its position in Clear Secure by 667.5% in the third quarter. Foundry Partners LLC now owns 213,815 shares of the company's stock valued at $7,086,000 after acquiring an additional 185,957 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Clear Secure by 402.1% in the third quarter. New York State Teachers Retirement System now owns 38,376 shares of the company's stock valued at $1,272,000 after acquiring an additional 30,733 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of Clear Secure during the second quarter worth about $840,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Clear Secure during the third quarter worth about $2,010,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Price Performance

Shares of YOU stock traded down $0.16 during mid-day trading on Tuesday, hitting $25.60. The stock had a trading volume of 376,351 shares, compared to its average volume of 1,778,283. The firm has a market cap of $3.57 billion, a PE ratio of 29.94 and a beta of 1.44. The company's 50-day simple moving average is $31.85 and its 200-day simple moving average is $25.81. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88.

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

Clear Secure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Tuesday, December 10th. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's dividend payout ratio is currently 46.51%.

Insiders Place Their Bets

In related news, CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction on Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $46,575.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,211 shares of the company's stock, valued at approximately $223,901.55. The trade was a 17.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of the company's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $31.05, for a total value of $7,049,002.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 901,500 shares of company stock worth $29,055,829. 37.85% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Needham & Company LLC restated a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research report on Friday, November 8th. Telsey Advisory Group lifted their target price on shares of Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Stifel Nicolaus increased their price target 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. Finally, Wedbush reaffirmed a "neutral" rating and issued a $26.00 target price (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $32.67.

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.