Marshall Wace LLP Has $1.37 Million Stock Position in Clear Secure, Inc. (NYSE:YOU)

Marshall Wace LLP decreased its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 87.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 51,507 shares of the company's stock after selling 375,906 shares during the period. Marshall Wace LLP's holdings in Clear Secure were worth $1,372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its position in Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock worth $81,300,000 after acquiring an additional 3,039,236 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Clear Secure by 112.3% during 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 during the last quarter. Wellington Management Group LLP grew its position in Clear Secure by 74.9% during 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 during the last quarter. William Blair Investment Management LLC acquired a new position in Clear Secure during the 4th quarter worth about $37,697,000. Finally, Copeland Capital Management LLC acquired a new position in Clear Secure during the 4th quarter worth about $30,724,000. Institutional investors own 73.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on YOU. Stifel Nicolaus cut their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a report 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 report on Monday, March 24th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

Clear Secure Stock Performance

Shares of NYSE:YOU traded down $0.34 during midday trading on Thursday, reaching $24.35. The company's stock had a trading volume of 2,545,015 shares, compared to its average volume of 2,012,784. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 28.31 and a beta of 1.25. The firm has a 50 day moving average price of $25.52 and a two-hundred day moving average price of $26.97. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88.

Clear Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Monday, March 10th. 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.