Clear Secure, Inc. (NYSE:YOU) Stock Holdings Increased by First Trust Advisors LP

First Trust Advisors LP boosted its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 26.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 246,970 shares of the company's stock after buying an additional 50,995 shares during the period. First Trust Advisors LP owned 0.18% of Clear Secure worth $6,579,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in YOU. Virtu Financial LLC acquired a new stake in shares of Clear Secure in the third quarter valued at $480,000. Tidal Investments LLC bought a new stake in Clear Secure in the third quarter worth about $1,026,000. Franklin Resources Inc. raised its position in Clear Secure by 10.9% in the third quarter. Franklin Resources Inc. now owns 46,175 shares of the company's stock worth $1,612,000 after acquiring an additional 4,527 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Clear Secure during the 3rd quarter valued at about $20,243,000. Finally, Principal Financial Group Inc. grew its stake in shares of Clear Secure by 3,937.1% in the 3rd quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock worth $15,866,000 after purchasing an additional 466,901 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on YOU. Needham & Company LLC reissued a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research note on Monday, March 24th. Telsey Advisory Group decreased their target price on Clear Secure from $42.00 to $32.00 and set an "outperform" rating on the stock in a report on Friday. Finally, Stifel Nicolaus reduced their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Clear Secure Price Performance

Clear Secure stock traded down $0.10 during midday trading on Monday, reaching $25.05. The stock had a trading volume of 236,602 shares, compared to its average volume of 2,010,430. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 29.10 and a beta of 1.25. The firm's fifty day simple moving average is $25.55 and its two-hundred day simple moving average is $26.68.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.00%. Clear Secure's dividend payout ratio is 32.47%.

Clear Secure Company 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.