Clear Secure, Inc. (NYSE:YOU) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC trimmed its position in Clear Secure, Inc. (NYSE:YOU) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 931,369 shares of the company’s stock after selling 193,729 shares during the quarter. Clearbridge Investments LLC owned about 0.67% of Clear Secure worth $24,812,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Clear Secure by 221.6% during the 4th 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 last quarter. SRS Capital Advisors Inc. boosted its holdings in Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after purchasing an additional 766 shares during the last quarter. Harbour Investments Inc. grew its position in Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock worth $64,000 after purchasing an additional 450 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Clear Secure during the 4th quarter valued at about $83,000. Finally, Blue Trust Inc. boosted its stake in shares of Clear Secure by 376.0% in the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock worth $91,000 after buying an additional 2,696 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Price Performance

Shares of NYSE:YOU opened at $25.76 on Wednesday. The business’s 50 day moving average price is $24.46 and its 200-day moving average price is $27.92. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 29.95 and a beta of 1.37.

Clear Secure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.94%. Clear Secure’s dividend payout ratio (DPR) is 32.47%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on YOU shares. Stifel Nicolaus decreased their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research note on Monday, March 24th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Clear Secure currently has an average rating of “Moderate Buy” and an average target price of $34.00.

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.