Clear Secure, Inc. (NYSE:YOU) Stock Position Increased 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 lifted its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,641 shares of the company's stock after acquiring an additional 33,174 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Clear Secure worth $4,652,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of 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 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock worth $98,519,000 after acquiring an additional 501,000 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Clear Secure by 74.9% in the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock worth $88,512,000 after acquiring an additional 1,422,999 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Clear Secure by 112.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock worth $73,707,000 after acquiring an additional 1,463,748 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Clear Secure by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 2,433,165 shares of the company's stock valued at $64,832,000 after purchasing an additional 86,311 shares during the period. Institutional investors and hedge funds own 73.80% of the company's stock.

Insiders Place Their Bets

In other Clear Secure news, Director Kenneth L. Cornick sold 315,591 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 957,964 shares of company stock worth $24,155,799. 39.73% of the stock is owned by company insiders.

Clear Secure Price Performance

NYSE:YOU traded up $0.24 during midday trading on Friday, reaching $26.20. 1,028,760 shares of the company traded hands, compared to its average volume of 2,020,827. Clear Secure, Inc. has a twelve month low of $17.53 and a twelve month high of $38.88. The company has a fifty day moving average price of $25.32 and a 200 day moving average price of $25.42. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 30.46 and a beta of 1.22.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. During the same quarter last year, the firm posted $0.28 EPS. The company's revenue was up 18.1% compared to the same quarter last year. On average, equities research analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. Clear Secure's dividend payout ratio (DPR) is presently 31.25%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on YOU shares. Needham & Company LLC restated a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research report on Monday, March 24th. Stifel Nicolaus reduced their price objective on 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, Telsey Advisory Group restated an "outperform" rating and set a $32.00 price objective on shares of Clear Secure in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $32.00.

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.