AQR Capital Management LLC Has $12.44 Million Position in Clear Secure, Inc. (NYSE:YOU)

AQR Capital Management LLC raised its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 15.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 466,908 shares of the company's stock after purchasing an additional 63,219 shares during the quarter. AQR Capital Management LLC owned approximately 0.33% of Clear Secure worth $12,438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of Clear Secure by 15.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock valued at $98,519,000 after purchasing an additional 501,000 shares during the period. Raymond James Financial Inc. bought a new position in Clear Secure in the 4th quarter valued at about $1,695,000. William Blair Investment Management LLC acquired a new stake in Clear Secure during the fourth quarter worth approximately $37,697,000. Principal Financial Group Inc. lifted 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 worth $15,866,000 after acquiring an additional 466,901 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Clear Secure by 1,557.5% during the fourth quarter. Cerity Partners LLC now owns 345,137 shares of the company's stock worth $9,211,000 after acquiring an additional 324,314 shares during the period. 73.80% of the stock is owned by institutional investors.

Clear Secure Price Performance

Clear Secure stock opened at $25.12 on Tuesday. The firm has a market cap of $3.44 billion, a PE ratio of 29.21 and a beta of 1.25. The stock's fifty day moving average price is $25.60 and its two-hundred day moving average price is $26.60. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure's payout ratio is currently 32.47%.

Analyst Ratings Changes

Several analysts recently weighed in on YOU shares. Stifel Nicolaus dropped 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 reissued a "buy" rating and set a $45.00 target price on shares of Clear Secure in a report on Monday, March 24th. Finally, Telsey Advisory Group reduced their target price on shares of Clear Secure from $42.00 to $32.00 and set an "outperform" rating for the company in a research report on Friday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.00.

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.

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