Thrivent Financial for Lutherans Takes $2.40 Million Position in Clear Secure, Inc. (NYSE:YOU)

Thrivent Financial for Lutherans bought a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 72,443 shares of the company's stock, valued at approximately $2,401,000. Thrivent Financial for Lutherans owned about 0.05% of Clear Secure as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC raised its position in shares of Clear Secure by 0.5% in the 2nd quarter. Hsbc Holdings PLC now owns 78,968 shares of the company's stock worth $1,467,000 after acquiring an additional 409 shares in the last quarter. Truist Financial Corp grew its stake in Clear Secure by 2.0% during the second quarter. Truist Financial Corp now owns 29,061 shares of the company's stock worth $544,000 after purchasing an additional 582 shares during the period. Principal Financial Group Inc. increased its holdings in Clear Secure by 6.1% in the second quarter. Principal Financial Group Inc. now owns 11,859 shares of the company's stock worth $222,000 after purchasing an additional 681 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Clear Secure in the third quarter valued at approximately $26,000. Finally, Brown Lisle Cummings Inc. boosted its holdings in shares of Clear Secure by 11.4% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company's stock worth $165,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Clear Secure Price Performance

NYSE:YOU opened at $26.11 on Thursday. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The company has a market cap of $3.64 billion, a PE ratio of 30.36 and a beta of 1.63. The firm has a 50-day moving average of $32.26 and a 200-day moving average of $25.63.

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

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.91%. This is an increase from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's dividend payout ratio is currently 46.51%.

Analyst Ratings Changes

Several research firms have recently weighed in on YOU. The Goldman Sachs Group lifted their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Stifel Nicolaus lifted their price target 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 objective 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. Wedbush reaffirmed a "neutral" rating and issued a $26.00 target price (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $32.67.

Insider Buying and Selling

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 7,211 shares in the company, valued at $223,901.55. This trade represents a 17.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 901,500 shares of company stock worth $29,055,829. 37.85% of the stock is owned by insiders.

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.