Chevy Chase Trust Holdings LLC Makes New $5.31 Million Investment in CLEAR Secure, Inc. (NYSE:YOU)

Chevy Chase Trust Holdings LLC bought a new stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 204,949 shares of the company's stock, valued at approximately $5,310,000. Chevy Chase Trust Holdings LLC owned approximately 0.15% of CLEAR Secure at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC bought a new position in CLEAR Secure in the first quarter valued at approximately $27,000. Fifth Third Bancorp raised its position in CLEAR Secure by 217.0% during the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock worth $29,000 after acquiring an additional 764 shares in the last quarter. Huntington National Bank acquired a new stake in CLEAR Secure in the fourth quarter valued at $35,000. SRS Capital Advisors Inc. grew its position 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 acquiring an additional 766 shares during the period. Finally, Strategic Investment Solutions Inc. IL increased its stake in shares of CLEAR Secure by 113,800.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after purchasing an additional 2,276 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on YOU shares. 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. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $32.00 price objective on shares of CLEAR Secure in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, CLEAR Secure currently has an average rating of "Moderate Buy" and an average price target of $32.00.

Insider Transactions at CLEAR Secure

In other CLEAR Secure news, Director Kenneth L. Cornick sold 228,374 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total transaction of $5,832,671.96. Following the transaction, the director owned 149,093 shares in the company, valued at $3,807,835.22. This trade represents a 60.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 957,964 shares of company stock valued at $24,155,799. Insiders own 39.73% of the company's stock.

CLEAR Secure Stock Up 0.5%

Shares of NYSE YOU traded up $0.14 during mid-day trading on Monday, reaching $27.76. 2,008,723 shares of the company were exchanged, compared to its average volume of 2,046,596. The stock has a market capitalization of $3.69 billion, a P/E ratio of 17.35 and a beta of 1.22. The company's 50-day simple moving average is $25.31 and its 200-day simple moving average is $25.31. CLEAR Secure, Inc. has a twelve month low of $18.23 and a twelve month high of $38.88.

CLEAR Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The company had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. During the same period in the prior year, the company earned $0.28 earnings per share. The firm's revenue was up 18.1% compared to the same quarter last year. As a group, equities research analysts expect that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 1.80%. CLEAR Secure's payout ratio is currently 31.25%.

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.