Clear Secure, Inc. (NYSE:YOU) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 74.9% during the fourth quarter, according to the company in 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 quarter. Wellington Management Group LLP owned approximately 2.43% of Clear Secure worth $88,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YOU. Nisa Investment Advisors LLC raised its holdings in Clear Secure by 468.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,790 shares of the company's stock worth $181,000 after purchasing an additional 5,596 shares in the last quarter. Blue Trust Inc. raised its holdings in Clear Secure by 376.0% during the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock worth $91,000 after purchasing an additional 2,696 shares in the last quarter. KBC Group NV raised its holdings in Clear Secure by 50.1% during the fourth quarter. KBC Group NV now owns 4,063 shares of the company's stock worth $108,000 after purchasing an additional 1,357 shares in the last quarter. Copeland Capital Management LLC acquired a new position in shares of Clear Secure in the 4th quarter valued at $30,724,000. Finally, Hodges Capital Management Inc. increased its holdings in shares of Clear Secure by 39.1% in the 4th quarter. Hodges Capital Management Inc. now owns 477,855 shares of the company's stock valued at $12,730,000 after acquiring an additional 134,408 shares during the period. Institutional investors and hedge funds own 73.80% of the company's stock.

Clear Secure Trading Up 1.2%

Shares of Clear Secure stock traded up $0.30 during trading on Monday, reaching $25.05. The company's stock had a trading volume of 1,513,488 shares, compared to its average volume of 2,019,121. The firm has a market cap of $3.33 billion, a PE ratio of 29.13 and a beta of 1.25. The company has a 50-day moving average price of $25.35 and a two-hundred day moving average price of $25.42. Clear Secure, Inc. has a fifty-two week low of $16.90 and a fifty-two week high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. On average, analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 2.00%. Clear Secure's dividend payout ratio is currently 31.25%.

Insider Buying and Selling at Clear Secure

In other news, Director Kenneth L. Cornick sold 291,466 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $25.05, for a total transaction of $7,301,223.30. Following the transaction, the director now directly owns 64,935 shares of the company's stock, valued at $1,626,621.75. This represents a 81.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 957,964 shares of company stock valued at $24,155,799. 39.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on YOU shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a report on Monday, March 24th. Stifel Nicolaus cut their target price on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $32.00 target price on shares of Clear Secure in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

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.