Asset Management One Co. Ltd. Invests $1.08 Million in Clear Secure, Inc. (NYSE:YOU)

Asset Management One Co. Ltd. acquired a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 51,777 shares of the company's stock, valued at approximately $1,079,000.

Several other large investors have also recently modified their holdings of YOU. Advisor Group Holdings Inc. raised its stake in shares of Clear Secure by 12.9% in the first quarter. Advisor Group Holdings Inc. now owns 7,858 shares of the company's stock worth $210,000 after purchasing an additional 899 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Clear Secure by 13.5% during the first quarter. Bank of New York Mellon Corp now owns 17,679 shares of the company's stock worth $475,000 after buying an additional 2,108 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Clear Secure during the first quarter worth approximately $209,000. BlackRock Inc. lifted its position in Clear Secure by 8.2% during the first quarter. BlackRock Inc. now owns 505,861 shares of the company's stock worth $13,598,000 after buying an additional 38,299 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Clear Secure by 143.5% in the first quarter. Vanguard Group Inc. now owns 3,258,957 shares of the company's stock valued at $87,601,000 after purchasing an additional 1,920,329 shares during the period. Institutional investors own 73.80% of the company's stock.

Insiders Place Their Bets

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total transaction of $150,000.00. Following the transaction, the insider now directly owns 41,727 shares of the company's stock, valued at $834,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 39.94% of the company's stock.

Clear Secure Trading Down 2.1 %

Clear Secure stock traded down $0.42 during midday trading on Friday, hitting $19.37. The stock had a trading volume of 968,248 shares, compared to its average volume of 1,377,304. The stock has a market cap of $3.08 billion, a P/E ratio of 64.57 and a beta of 1.54. Clear Secure, Inc. has a 12 month low of $15.28 and a 12 month high of $27.75. The business has a fifty day moving average price of $19.56 and a 200 day moving average price of $19.69.

Clear Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $170.97 million during the quarter, compared to the consensus estimate of $166.56 million. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. The business's revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) earnings per share. On average, equities analysts anticipate that Clear Secure, Inc. will post 0.41 EPS for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently announced a None dividend, which was paid on Monday, April 8th. Shareholders of record on Monday, April 1st were given a dividend of $0.32 per share. This is an increase from Clear Secure's previous None dividend of $0.25. The ex-dividend date of this dividend was Thursday, March 28th. Clear Secure's dividend payout ratio is presently 120.00%.

Wall Street Analyst Weigh In

Several research firms recently commented on YOU. Wedbush reissued a "neutral" rating and set a $23.00 target price on shares of Clear Secure in a research note on Wednesday, February 28th. TheStreet raised Clear Secure from a "d+" rating to a "c-" rating in a research note on Friday, December 22nd. Needham & Company LLC reissued a "buy" rating and set a $40.00 target price on shares of Clear Secure in a research note on Tuesday, March 26th. Wells Fargo & Company reissued an "underweight" rating and set a $20.00 target price on shares of Clear Secure in a research note on Wednesday, December 20th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $34.00 price objective on shares of Clear Secure in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $28.80.

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.