Geode Capital Management LLC Increases Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Geode Capital Management LLC increased its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,346,854 shares of the company's stock after buying an additional 141,208 shares during the quarter. Geode Capital Management LLC owned 1.69% of Clear Secure worth $77,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company's stock worth $218,672,000 after buying an additional 1,547,692 shares during the period. State Street Corp raised its position in shares of Clear Secure by 64.1% during the third quarter. State Street Corp now owns 3,360,945 shares of the company's stock worth $111,381,000 after acquiring an additional 1,312,419 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Clear Secure by 56.5% in the second quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company's stock worth $55,271,000 after acquiring an additional 1,066,400 shares during the period. Millennium Management LLC lifted its stake in shares of Clear Secure by 56.3% in the second quarter. Millennium Management LLC now owns 2,103,578 shares of the company's stock worth $39,358,000 after acquiring an additional 757,528 shares during the period. Finally, Wellington Management Group LLP bought a new stake in Clear Secure in the third quarter valued at approximately $62,950,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Clear Secure

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of Clear Secure stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 37.85% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Clear Secure Trading Up 4.1 %

NYSE YOU traded up $1.05 on Friday, hitting $26.66. 8,541,328 shares of the company were exchanged, compared to its average volume of 1,817,833. The company has a market cap of $3.72 billion, a PE ratio of 31.00 and a beta of 1.43. The stock has a fifty day moving average of $30.18 and a 200-day moving average of $26.69. 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 data on Thursday, November 7th. The company reported $0.30 earnings per share (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 company had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. During the same period last year, the company earned $0.20 EPS. Clear Secure's revenue for the quarter was up 23.7% compared to the same quarter last year. On average, analysts expect that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.125 per share. This is an increase from Clear Secure's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.88%. Clear Secure's payout ratio is currently 58.14%.

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.