LPL Financial LLC Sells 894,130 Shares of Clear Secure, Inc. (NYSE:YOU)

LPL Financial LLC lessened its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 96.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,632 shares of the company's stock after selling 894,130 shares during the quarter. LPL Financial LLC's holdings in Clear Secure were worth $923,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. GAMMA Investing LLC increased its position 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 valued at $30,000 after purchasing an additional 771 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of 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 purchasing an additional 766 shares during the period. Harbour Investments Inc. lifted its position in Clear Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after buying an additional 450 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Clear Secure during the 4th quarter valued at $83,000. Finally, Blue Trust Inc. grew its holdings 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 valued at $91,000 after acquiring an additional 2,696 shares in the last quarter. Institutional investors own 73.80% of the company's stock.

Clear Secure Price Performance

Shares of NYSE YOU traded down $0.05 during trading hours on Friday, hitting $25.70. 230,690 shares of the stock were exchanged, compared to its average volume of 1,994,854. The firm has a market capitalization of $3.52 billion, a P/E ratio of 29.91 and a beta of 1.25. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The company's 50 day moving average is $25.33 and its 200 day moving average is $27.19.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure's dividend payout ratio is currently 32.47%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. 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 decreased 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, Needham & Company LLC restated a "buy" rating and set a $45.00 price target 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.