William Blair Investment Management LLC Purchases New Shares in Clear Secure, Inc. (NYSE:YOU)

William Blair Investment Management LLC purchased a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 1,415,044 shares of the company's stock, valued at approximately $37,697,000. William Blair Investment Management LLC owned about 1.02% of Clear Secure as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC lifted its position in Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock worth $30,000 after buying an additional 771 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after acquiring an additional 766 shares during the period. Harbour Investments Inc. boosted its position in shares of Clear Secure by 23.0% in the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after acquiring an additional 450 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Clear Secure in the fourth quarter valued at approximately $83,000. Finally, KBC Group NV acquired a new position in Clear Secure during the third quarter worth approximately $90,000. 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 research reports. Needham & Company LLC reissued a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research note on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and set a $42.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Stifel Nicolaus cut their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Clear Secure currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

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Clear Secure Price Performance

NYSE YOU traded down $0.93 during trading hours on Friday, hitting $25.70. The company had a trading volume of 8,029,403 shares, compared to its average volume of 2,308,486. The firm's 50 day moving average is $24.38 and its 200 day moving average is $28.12. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 29.88 and a beta of 1.37.

Clear Secure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. Clear Secure's 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.