William Blair Investment Management LLC Invests $37.70 Million in Clear Secure, Inc. (NYSE:YOU)

William Blair Investment Management LLC purchased a new position in Clear Secure, Inc. (NYSE:YOU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,415,044 shares of the company’s stock, valued at approximately $37,697,000.

Other large investors have also recently made changes to their positions in the company. Penserra Capital Management LLC bought a new stake in shares of Clear Secure in the third quarter worth approximately $2,010,000. Foundry Partners LLC grew its stake in shares of Clear Secure by 667.5% in the third quarter. Foundry Partners LLC now owns 213,815 shares of the company’s stock worth $7,086,000 after acquiring an additional 185,957 shares during the period. Thrivent Financial for Lutherans bought a new stake in Clear Secure during the third quarter valued at approximately $2,401,000. FMR LLC grew its position in Clear Secure by 30.6% during the third quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after buying an additional 1,547,692 shares during the period. Finally, Principal Financial Group Inc. grew its position in Clear Secure by 3,937.1% during the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company’s stock valued at $15,866,000 after buying an additional 466,901 shares during the period. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Price Performance

Shares of NYSE YOU opened at $26.40 on Tuesday. The firm has a fifty day moving average price of $24.39 and a 200-day moving average price of $28.16. The stock has a market cap of $3.61 billion, a PE ratio of 30.70 and a beta of 1.37. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88.

Clear Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be paid a $0.125 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

Analyst Ratings Changes

Several brokerages recently issued reports on YOU. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Stifel Nicolaus cut their target price on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $42.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

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.