Clear Secure, Inc. (NYSE:YOU) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board trimmed its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 94.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,100 shares of the company's stock after selling 117,600 shares during the quarter. Canada Pension Plan Investment Board's holdings in Clear Secure were worth $189,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after acquiring an additional 771 shares during the last quarter. Huntington National Bank acquired a new stake in Clear Secure in the 4th quarter valued at about $35,000. SRS Capital Advisors Inc. grew its stake in Clear Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after acquiring an additional 766 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its stake in Clear Secure by 113,800.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock valued at $61,000 after acquiring an additional 2,276 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in Clear Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock valued at $64,000 after acquiring an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

Clear Secure Stock Down 3.3 %

Shares of YOU traded down $0.83 during mid-day trading on Wednesday, reaching $24.48. 2,624,759 shares of the stock traded hands, compared to its average volume of 1,999,493. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 28.47 and a beta of 1.25. The stock has a fifty day simple moving average of $25.50 and a 200 day simple moving average of $26.98.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Monday, March 10th. Clear Secure's payout ratio is currently 32.47%.

Wall Street Analysts Forecast Growth

YOU has been the topic of a number of research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $42.00 price objective on shares of Clear Secure in a research note on Thursday, February 27th. Stifel Nicolaus decreased their price target on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research note 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 report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.