Wellington Management Group LLP Has $88.51 Million Position in Clear Secure, Inc. (NYSE:YOU)

Wellington Management Group LLP lifted its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 74.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,322,514 shares of the company's stock after purchasing an additional 1,422,999 shares during the period. Wellington Management Group LLP owned approximately 2.43% of Clear Secure worth $88,512,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Huntington National Bank acquired a new position in shares of Clear Secure during the fourth quarter worth approximately $35,000. SRS Capital Advisors Inc. raised its stake in shares of 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 last quarter. Strategic Investment Solutions Inc. IL raised its stake in shares of 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 last quarter. Harbour Investments Inc. raised its stake in shares of 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 last quarter. Finally, Natixis bought a new stake in shares of Clear Secure during the fourth quarter worth approximately $73,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on YOU shares. Stifel Nicolaus dropped their price target 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 reissued a "buy" rating and set a $45.00 price target on shares of Clear Secure in a research note on Monday, March 24th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $32.00 price target on shares of Clear Secure in a research note on Friday, May 9th. Two 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.00.

Clear Secure Stock Up 1.9%

YOU traded up $0.47 during trading hours on Friday, hitting $24.78. 1,406,812 shares of the company's stock were exchanged, compared to its average volume of 2,022,762. Clear Secure, Inc. has a 1-year low of $16.65 and a 1-year high of $38.88. The stock's 50-day moving average is $25.38 and its two-hundred day moving average is $25.44. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 28.81 and a beta of 1.25.

Clear Secure (NYSE:YOU - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing the consensus estimate 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 in the previous year, the company posted $0.28 EPS. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities research analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, June 10th. Clear Secure's dividend payout ratio is currently 31.25%.

Insider Buying and Selling at Clear Secure

In other Clear Secure news, Director Kenneth L. Cornick sold 291,466 shares of the stock in a transaction 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 completion of the sale, the director now owns 64,935 shares in the company, 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 SEC, which is available through this link. Insiders sold a total of 957,964 shares of company stock worth $24,155,799 over the last quarter. 39.73% of the stock is currently owned by insiders.

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.