New York State Common Retirement Fund Trims Position in Clear Secure, Inc. (NYSE:YOU)

New York State Common Retirement Fund trimmed its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 35.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,201 shares of the company's stock after selling 14,852 shares during the quarter. New York State Common Retirement Fund's holdings in Clear Secure were worth $725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Clear Secure by 30.6% in the third quarter. FMR LLC now owns 6,598,424 shares of the company's stock valued at $218,672,000 after acquiring an additional 1,547,692 shares during the last quarter. State Street Corp lifted its position 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 during the period. Pacer Advisors Inc. boosted its stake in shares of Clear Secure by 24,161.2% in 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 boosted its stake in shares of Clear Secure by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company's stock valued at $77,788,000 after purchasing an additional 141,208 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Clear Secure during the third quarter worth $62,950,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts recently issued reports on YOU shares. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $42.00 price objective on shares of Clear Secure in a research note on Thursday, February 27th. Stifel Nicolaus cut their target price 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. Finally, Wedbush reiterated 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $34.00.

Clear Secure Trading Up 2.1 %

Shares of NYSE:YOU traded up $0.54 during midday trading on Friday, reaching $25.66. The company had a trading volume of 1,090,500 shares, compared to its average volume of 2,078,800. The stock has a market cap of $3.58 billion, a P/E ratio of 29.83 and a beta of 1.37. The company's 50 day moving average price is $24.62 and its 200 day moving average price is $28.33. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88.

Clear Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure's payout ratio is 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.