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Clear Secure, Inc. (NYSE:YOU) Shares Sold by Goldman Sachs Group Inc.

Clear Secure logo with Industrial Products background

Goldman Sachs Group Inc. lowered its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,776,833 shares of the company's stock after selling 1,344,400 shares during the quarter. Goldman Sachs Group Inc. owned approximately 2.50% of Clear Secure worth $77,992,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in YOU. Vanguard Group Inc. lifted its stake 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 worth $176,110,000 after buying an additional 143,300 shares during the last quarter. FMR LLC lifted its stake in shares of 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 last quarter. Brown Advisory Inc. lifted its stake in shares of Clear Secure by 3.2% during the 4th quarter. Brown Advisory Inc. now owns 3,230,815 shares of the company's stock worth $66,716,000 after buying an additional 101,011 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of 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 last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Clear Secure by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,967 shares of the company's stock worth $13,525,000 after buying an additional 12,469 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.


Analysts Set New Price Targets

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

Read Our Latest Research Report on Clear Secure

Clear Secure Price Performance

Clear Secure stock traded up $0.43 during midday trading on Monday, hitting $18.31. The company's stock had a trading volume of 918,633 shares, compared to its average volume of 1,554,905. 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 $17.77 and a two-hundred day moving average price of $19.45. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 32.70 and a beta of 1.56.

Clear Secure (NYSE:YOU - Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.10 by $0.13. Clear Secure had a net margin of 7.90% and a return on equity of 20.62%. The firm had revenue of $179.05 million for the quarter, compared to analyst estimates of $173.28 million. Sell-side analysts forecast that Clear Secure, Inc. will post 0.82 EPS for the current year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th will be issued a $0.10 dividend. This is a positive change from Clear Secure's previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Monday, June 10th. Clear Secure's dividend payout ratio (DPR) is currently 71.43%.

Clear Secure Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Clear Secure (NYSE:YOU)

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