Dai ichi Life Insurance Company Ltd Invests $3.10 Million in Clear Secure, Inc. (NYSE:YOU)

Dai ichi Life Insurance Company Ltd bought a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 150,093 shares of the company's stock, valued at approximately $3,099,000. Dai ichi Life Insurance Company Ltd owned about 0.10% of Clear Secure at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in YOU. FMR LLC raised 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 valued at $69,342,000 after purchasing an additional 811,586 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Clear Secure by 258.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 440,866 shares of the company's stock valued at $8,394,000 after acquiring an additional 317,934 shares in the last quarter. Clearbridge Investments LLC boosted its position in Clear Secure by 13.0% during the third quarter. Clearbridge Investments LLC now owns 1,637,999 shares of the company's stock valued at $31,188,000 after purchasing an additional 188,352 shares in the last quarter. Algert Global LLC bought a new position in Clear Secure in the third quarter worth about $3,342,000. Finally, Trexquant Investment LP boosted its holdings in shares of Clear Secure by 432.9% in the 4th quarter. Trexquant Investment LP now owns 197,522 shares of the company's stock valued at $4,079,000 after buying an additional 160,459 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Clear Secure Stock Performance

Shares of YOU stock traded down $0.33 on Thursday, reaching $16.77. 1,254,408 shares of the company were exchanged, compared to its average volume of 1,590,949. Clear Secure, Inc. has a 1 year low of $15.28 and a 1 year high of $27.75. The business has a 50-day moving average price of $18.70 and a 200 day moving average price of $19.74. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 30.00 and a beta of 1.59.

Clear Secure (NYSE:YOU - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. Clear Secure had a return on equity of 20.62% and a net margin of 7.90%. The business had revenue of $170.97 million during the quarter, compared to analysts' expectations of $166.56 million. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. The business's revenue was up 33.3% compared to the same quarter last year. As a group, equities analysts anticipate that Clear Secure, Inc. will post 0.82 earnings per share for the current year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, June 10th. This is a boost from Clear Secure's previous quarterly dividend of $0.09. Clear Secure's payout ratio is 64.29%.

Analysts Set New Price Targets

YOU has been the topic of a number of recent analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and set a $34.00 price target on shares of Clear Secure in a research report on Thursday, May 9th. Wedbush restated a "neutral" rating and set a $21.00 price objective on shares of Clear Secure in a report on Wednesday, May 8th. Finally, Needham & Company LLC reissued a "buy" rating and set a $40.00 target price on shares of Clear Secure in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Clear Secure presently has a consensus rating of "Hold" and an average price target of $28.40.

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.