Clear Secure, Inc. (NYSE:YOU) Stake Raised by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,207 shares of the company’s stock after buying an additional 21,456 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.11% of Clear Secure worth $3,948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in Clear Secure by 6.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 46,461 shares of the company’s stock worth $1,540,000 after acquiring an additional 2,689 shares during the period. HighTower Advisors LLC raised its stake in shares of Clear Secure by 96.6% during the third quarter. HighTower Advisors LLC now owns 79,906 shares of the company’s stock valued at $2,644,000 after purchasing an additional 39,270 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of Clear Secure during the third quarter valued at about $956,000. Stifel Financial Corp lifted its holdings in Clear Secure by 90.3% in the third quarter. Stifel Financial Corp now owns 32,765 shares of the company’s stock worth $1,086,000 after purchasing an additional 15,547 shares during the period. Finally, State Street Corp grew its position in Clear Secure by 64.1% in the 3rd 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 in the last quarter. 73.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

YOU has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research report on Monday, March 24th. Stifel Nicolaus dropped their target price on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Trading Down 1.3 %

NYSE:YOU opened at $24.57 on Tuesday. The company has a 50-day moving average of $24.55 and a 200-day moving average of $27.72. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 28.56 and a beta of 1.25.

Clear Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders 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 yield of 2.04%. Clear Secure’s dividend payout ratio (DPR) is 32.47%.

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.