Clear Secure, Inc. (NYSE:YOU) Shares Sold by Jennison Associates LLC

Jennison Associates LLC reduced its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,782,393 shares of the company's stock after selling 542,815 shares during the quarter. Jennison Associates LLC owned about 1.18% of Clear Secure worth $36,806,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Clear Secure by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 9,249,449 shares of the company's stock valued at $176,110,000 after purchasing an additional 143,300 shares during the last quarter. FMR LLC boosted its position in Clear Secure by 28.7% during the 3rd quarter. FMR LLC now owns 3,641,892 shares of the company's stock worth $69,342,000 after buying an additional 811,586 shares during the period. Brown Advisory Inc. boosted its position in Clear Secure by 21.3% during the 3rd quarter. Brown Advisory Inc. now owns 3,129,804 shares of the company's stock worth $59,591,000 after buying an additional 549,946 shares during the period. Clearbridge Investments LLC boosted its position in Clear Secure by 13.0% during the 3rd quarter. Clearbridge Investments LLC now owns 1,637,999 shares of the company's stock worth $31,188,000 after buying an additional 188,352 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Clear Secure by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 642,498 shares of the company's stock worth $12,233,000 after buying an additional 26,597 shares during the period. 73.80% of the stock is owned by institutional investors.

Clear Secure Price Performance

Shares of Clear Secure stock traded down $0.59 during trading on Thursday, reaching $17.20. 1,350,085 shares of the company traded hands, compared to its average volume of 1,501,812. Clear Secure, Inc. has a 1-year low of $15.28 and a 1-year high of $27.75. The company has a 50 day moving average price of $19.29 and a 200-day moving average price of $19.68. The firm has a market capitalization of $2.73 billion, a PE ratio of 57.34 and a beta of 1.54.

Clear Secure (NYSE:YOU - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. The company had revenue of $170.97 million for the quarter, compared to the consensus estimate of $166.56 million. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. Clear Secure's quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.12) EPS. Equities research analysts expect that Clear Secure, Inc. will post 0.41 earnings per share for the current year.

Clear Secure Increases Dividend

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

Wall Street Analyst Weigh In

YOU has been the topic of several recent research reports. Needham & Company LLC reiterated a "buy" rating and set a $40.00 target price on shares of Clear Secure in a research report on Tuesday, March 26th. Wedbush dropped their price target on shares of Clear Secure from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, April 18th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $34.00 price target 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 assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $28.40.

Insider Buying and Selling at Clear Secure

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the company's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total value of $150,000.00. Following the completion of the sale, the insider now owns 41,727 shares in the company, valued at approximately $834,540. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 39.94% of the stock is currently owned by company 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.