Wellington Management Group LLP Makes New Investment in Clear Secure, Inc. (NYSE:YOU)

Wellington Management Group LLP acquired a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,899,515 shares of the company's stock, valued at approximately $62,950,000. Wellington Management Group LLP owned about 1.36% of Clear Secure at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of YOU. Hsbc Holdings PLC grew 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 valued at $1,467,000 after buying an additional 409 shares during the last quarter. Truist Financial Corp grew its stake in Clear Secure by 2.0% during the 2nd quarter. Truist Financial Corp now owns 29,061 shares of the company's stock worth $544,000 after buying an additional 582 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Clear Secure by 6.1% in the second quarter. Principal Financial Group Inc. now owns 11,859 shares of the company's stock valued at $222,000 after acquiring an additional 681 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Clear Secure in the 3rd quarter valued at $26,000. Finally, Brown Lisle Cummings Inc. increased its stake in Clear Secure by 11.4% in the second quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company's stock valued at $165,000 after purchasing an additional 900 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $33.04, for a total transaction of $4,956,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth L. Cornick sold 250,000 shares of Clear Secure stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total transaction of $8,075,000.00. The disclosure for this sale can be found here. Insiders sold 672,579 shares of company stock worth $21,947,852 in the last ninety days. Insiders own 37.85% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on YOU. Stifel Nicolaus lifted their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Telsey Advisory Group boosted their price target on shares of Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Wedbush reaffirmed a "neutral" rating and issued a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $32.67.

Clear Secure Trading Down 1.5 %

Shares of YOU stock traded down $0.41 during mid-day trading on Wednesday, reaching $27.38. The stock had a trading volume of 1,677,073 shares, compared to its average volume of 1,796,007. The company has a market cap of $3.82 billion, a P/E ratio of 32.31 and a beta of 1.44. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The business has a 50-day simple moving average of $31.07 and a 200 day simple moving average of $26.29.

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 business had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. Clear Secure's revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. Research analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be given a dividend of $0.125 per share. This is an increase from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Tuesday, December 10th. Clear Secure's payout ratio is currently 58.14%.

Clear Secure 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.