Envestnet Asset Management Inc. Buys 165,251 Shares of Clear Secure, Inc. (NYSE:YOU)

Envestnet Asset Management Inc. boosted its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 784.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,320 shares of the company's stock after buying an additional 165,251 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.13% of Clear Secure worth $4,964,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of YOU. Pacer Advisors Inc. boosted its stake in Clear Secure by 24,161.2% in the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock valued at $81,300,000 after buying an additional 3,039,236 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Clear Secure by 112.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock valued at $73,707,000 after purchasing an additional 1,463,748 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Clear Secure by 74.9% during the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock valued at $88,512,000 after purchasing an additional 1,422,999 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Clear Secure during the fourth quarter valued at about $37,697,000. Finally, Copeland Capital Management LLC acquired a new stake in shares of Clear Secure during the fourth quarter valued at about $30,724,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Clear Secure Stock Performance

Shares of NYSE YOU traded down $0.29 during midday trading on Monday, hitting $25.02. 1,659,961 shares of the stock traded hands, compared to its average volume of 1,998,634. The company has a market cap of $3.42 billion, a PE ratio of 29.09 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 business has a 50 day moving average price of $25.44 and a two-hundred day moving average price of $26.99.

Clear Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.00%. Clear Secure's dividend payout ratio is 32.47%.

Clear Secure Company 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.