XTX Topco Ltd Sells 29,110 Shares of Clear Secure, Inc. (NYSE:YOU)

XTX Topco Ltd lessened its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 78.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,778 shares of the company's stock after selling 29,110 shares during the quarter. XTX Topco Ltd's holdings in Clear Secure were worth $258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP acquired a new stake in shares of Clear Secure in the third quarter valued at $62,950,000. Weiss Asset Management LP bought a new position in Clear Secure in the third quarter valued at approximately $930,000. State Street Corp boosted its holdings in shares of Clear Secure by 64.1% in the third quarter. State Street Corp now owns 3,360,945 shares of the company's stock valued at $111,381,000 after buying an additional 1,312,419 shares during the period. Stifel Financial Corp increased its position in shares of Clear Secure by 90.3% during the third quarter. Stifel Financial Corp now owns 32,765 shares of the company's stock worth $1,086,000 after acquiring an additional 15,547 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of Clear Secure during the third quarter worth $956,000. Institutional investors own 73.80% of the company's stock.

Analysts Set New Price Targets

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

Clear Secure Stock Performance

Shares of NYSE YOU traded down $0.37 during trading hours on Thursday, reaching $25.61. 1,313,125 shares of the stock were exchanged, compared to its average volume of 1,790,384. The stock's fifty day simple moving average is $30.33 and its 200 day simple moving average is $26.63. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 29.78 and a beta of 1.43. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share 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 firm had revenue of $198.40 million for the quarter, compared to analyst estimates of $194.62 million. During the same period in the prior year, the business posted $0.20 EPS. The firm's quarterly revenue was up 23.7% compared to the same quarter last year. Research analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, December 10th. This is a boost from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. Clear Secure's dividend payout ratio (DPR) is currently 58.14%.

Insider Activity

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the business's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 37.85% of the stock is owned by company 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.