Geode Capital Management LLC Raises Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Geode Capital Management LLC increased its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,433,165 shares of the company's stock after buying an additional 86,311 shares during the period. Geode Capital Management LLC owned 1.75% of Clear Secure worth $64,832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Clear Secure by 221.6% in the fourth 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 period. SRS Capital Advisors Inc. increased its holdings 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 buying an additional 766 shares during the period. Harbour Investments Inc. boosted its position in shares of Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after acquiring an additional 450 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Clear Secure in the 4th quarter valued at $83,000. Finally, Blue Trust Inc. raised its stake in Clear Secure by 376.0% during the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock worth $91,000 after acquiring an additional 2,696 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

Clear Secure Price Performance

Shares of NYSE:YOU traded up $0.48 on Friday, hitting $26.74. The company's stock had a trading volume of 937,383 shares, compared to its average volume of 2,000,990. The company has a 50-day simple moving average of $25.09 and a 200 day simple moving average of $27.37. The company has a market capitalization of $3.66 billion, a PE ratio of 31.09 and a beta of 1.25. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.87%. Clear Secure's dividend payout ratio (DPR) is currently 32.47%.

Analysts Set New Price Targets

A number of brokerages recently commented on YOU. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Stifel Nicolaus reduced their price objective on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $45.00 price target on shares of Clear Secure in a report on Monday, March 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Clear Secure currently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

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.