Clear Secure, Inc. (NYSE:YOU) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 23.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,641 shares of the company's stock after buying an additional 33,174 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Clear Secure worth $4,652,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of YOU. Huntington National Bank purchased a new stake in shares of Clear Secure in the fourth quarter valued at about $35,000. SRS Capital Advisors Inc. boosted its stake in Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after buying an additional 766 shares during the period. Strategic Investment Solutions Inc. IL boosted its stake in Clear Secure by 113,800.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after buying an additional 2,276 shares during the period. Harbour Investments Inc. boosted its stake in Clear Secure by 23.0% during the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after buying an additional 450 shares during the period. Finally, Natixis purchased a new position in Clear Secure during the fourth quarter worth about $73,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Clear Secure

In related news, Director Kenneth L. Cornick sold 291,466 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $25.05, for a total value of $7,301,223.30. Following the sale, the director now owns 64,935 shares of the company's stock, valued at $1,626,621.75. This trade represents a 81.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 957,964 shares of company stock valued at $24,155,799. 39.73% of the stock is currently owned by corporate insiders.

Clear Secure Stock Performance

Shares of YOU traded up $0.15 during mid-day trading on Thursday, hitting $25.97. 1,062,080 shares of the company's stock were exchanged, compared to its average volume of 2,016,967. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 30.19 and a beta of 1.22. Clear Secure, Inc. has a fifty-two week low of $17.01 and a fifty-two week high of $38.88. The stock's 50-day moving average is $25.31 and its 200-day moving average is $25.42.

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

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.93%. Clear Secure's dividend payout ratio is presently 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.