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

Jennison Associates LLC decreased its holdings in Clear Secure, Inc. (NYSE:YOU) by 23.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other large investors have also recently bought and sold shares of YOU. BluePath Capital Management LLC purchased a new position in shares of Clear Secure in the 3rd quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Clear Secure during the third quarter worth $68,000. Aigen Investment Management LP purchased a new position in Clear Secure in the 3rd quarter valued at $192,000. SG Americas Securities LLC acquired a new position in Clear Secure in the 3rd quarter valued at $214,000. Finally, Amalgamated Bank raised its position in Clear Secure by 6.2% during the 3rd quarter. Amalgamated Bank now owns 12,682 shares of the company’s stock worth $241,000 after buying an additional 745 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Stock Down 0.6 %

Shares of NYSE YOU opened at $17.74 on Thursday. The firm has a 50-day moving average price of $19.35 and a 200 day moving average price of $19.70. Clear Secure, Inc. has a 52 week low of $15.28 and a 52 week high of $27.75. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 59.14 and a beta of 1.54.

Clear Secure (NYSE:YOU) 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 firm had revenue of $170.97 million during the quarter, compared to analysts’ expectations of $166.56 million. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. Clear Secure’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. Equities research analysts expect 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 issued 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 was Thursday, March 28th. Clear Secure’s dividend payout ratio (DPR) is 120.00%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on YOU. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a report on Tuesday, March 26th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research report on Tuesday, March 26th. Finally, Wedbush lowered their price objective on Clear Secure from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.40.

Insiders Place Their Bets

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 41,727 shares in the company, valued at $834,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.94% of the stock is currently owned by company insiders.

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.