Clear Secure, Inc. (NYSE:YOU) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in Clear Secure, Inc. (NYSE:YOU) by 74.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,322,514 shares of the company’s stock after buying an additional 1,422,999 shares during the period. Wellington Management Group LLP’s holdings in Clear Secure were worth $88,512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of 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. raised its position in Clear Secure by 56.1% during the fourth 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 last quarter. Harbour Investments Inc. lifted its holdings 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 valued at $64,000 after purchasing an additional 450 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Clear Secure during the 4th quarter worth approximately $83,000. Finally, Blue Trust Inc. raised its position in shares of Clear Secure by 376.0% during the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock worth $91,000 after purchasing an additional 2,696 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Stock Down 1.4 %

Shares of Clear Secure stock opened at $24.92 on Friday. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The business’s fifty day moving average is $24.54 and its two-hundred day moving average is $27.85. The firm has a market cap of $3.41 billion, a PE ratio of 28.97 and a beta of 1.37.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Monday, March 10th. Clear Secure’s payout ratio is 32.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Stifel Nicolaus reduced their price objective on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a research report on Monday, March 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Clear Secure presently has a consensus 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.