Deutsche Bank AG Decreases Stock Position in Clear Secure, Inc. (NYSE:YOU)

Deutsche Bank AG cut its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 83.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,775 shares of the company's stock after selling 422,661 shares during the quarter. Deutsche Bank AG owned 0.06% of Clear Secure worth $2,178,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Clear Secure by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company's stock worth $333,718,000 after acquiring an additional 473,207 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Clear Secure by 15.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock valued at $98,519,000 after purchasing an additional 501,000 shares during the period. Wellington Management Group LLP increased 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 worth $88,512,000 after purchasing an additional 1,422,999 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock worth $81,300,000 after purchasing an additional 3,039,236 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Clear Secure by 112.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock valued at $73,707,000 after buying an additional 1,463,748 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

YOU has been the subject of several research reports. Stifel Nicolaus cut their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group reiterated an "outperform" rating and set a $32.00 price target on shares of Clear Secure in a research report on Friday, May 9th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Clear Secure has a consensus rating of "Moderate Buy" and an average target price of $32.00.

Insider Activity at Clear Secure

In related news, Director Kenneth L. Cornick sold 315,591 shares of Clear Secure stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $25.02, for a total value of $7,896,086.82. Following the completion of the transaction, the director now owns 64,935 shares in the company, valued at approximately $1,624,673.70. The trade was a 82.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 957,964 shares of company stock worth $24,155,799. 39.73% of the stock is currently owned by company insiders.

Clear Secure Trading Up 1.6%

NYSE YOU traded up $0.38 during trading hours on Tuesday, reaching $24.36. The company had a trading volume of 704,360 shares, compared to its average volume of 2,025,635. The stock has a market capitalization of $3.33 billion, a P/E ratio of 28.29 and a beta of 1.25. The stock has a 50-day moving average of $25.56 and a 200 day moving average of $25.50. Clear Secure, Inc. has a 1-year low of $16.53 and a 1-year high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). The company had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business's revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 earnings per share. As a group, sell-side analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th will be paid a $0.125 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.05%. Clear Secure's payout ratio is presently 31.25%.

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.