Fmr LLC Sells 1,802,989 Shares of Clear Secure, Inc. (NYSE:YOU)

FMR LLC lowered its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 27.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,795,435 shares of the company's stock after selling 1,802,989 shares during the quarter. FMR LLC owned 3.44% of Clear Secure worth $127,750,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Stifel Financial Corp increased its stake in shares of Clear Secure by 90.3% in the third quarter. Stifel Financial Corp now owns 32,765 shares of the company's stock worth $1,086,000 after acquiring an additional 15,547 shares during the last quarter. State Street Corp raised its position in Clear Secure by 64.1% during the third quarter. State Street Corp now owns 3,360,945 shares of the company's stock valued at $111,381,000 after acquiring an additional 1,312,419 shares in the last quarter. Geode Capital Management LLC lifted its stake in Clear Secure by 6.4% in the third quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company's stock valued at $77,788,000 after acquiring an additional 141,208 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Clear Secure during the 3rd quarter worth $868,000. Finally, Virtu Financial LLC bought a new position in shares of Clear Secure during the 3rd quarter valued at $480,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

Wall Street Analyst Weigh In

YOU has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a report on Monday, March 24th. Telsey Advisory Group restated an "outperform" rating and issued a $42.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Finally, Stifel Nicolaus decreased their price target on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

Clear Secure Stock Performance

Clear Secure stock traded up $0.48 during trading hours on Friday, reaching $26.74. 937,383 shares of the company's stock traded hands, compared to its average volume of 2,002,736. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 31.09 and a beta of 1.25. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The firm's 50 day moving average is $25.16 and its 200-day moving average is $27.33.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a $0.125 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.87%. Clear Secure's dividend payout ratio is currently 32.47%.

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.