Clear Secure, Inc. (NYSE:YOU) Position Boosted by Citigroup Inc.

Citigroup Inc. increased its holdings in Clear Secure, Inc. (NYSE:YOU) by 257.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,858 shares of the company’s stock after buying an additional 77,718 shares during the quarter. Citigroup Inc. owned about 0.08% of Clear Secure worth $3,574,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. bought a new position in Clear Secure during the 2nd quarter valued at $26,000. Capital Performance Advisors LLP bought a new position in Clear Secure during the 3rd quarter valued at $26,000. Future Financial Wealth Managment LLC bought a new position in Clear Secure during the 3rd quarter valued at $33,000. KBC Group NV bought a new position in Clear Secure during the 3rd quarter valued at $90,000. Finally, Plato Investment Management Ltd boosted its stake in Clear Secure by 10,535.4% during the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after purchasing an additional 5,057 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

Insider Transactions at Clear Secure

In related news, CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction on Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $46,575.00. Following the completion of the sale, the chief accounting officer now owns 7,211 shares of the company’s stock, valued at approximately $223,901.55. This trade represents a 17.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock in a transaction on Monday, September 9th. The shares were sold at an average price of $31.05, for a total value of $7,049,002.05. The disclosure for this sale can be found here. Insiders sold a total of 901,500 shares of company stock valued at $29,055,829 over the last quarter. Company insiders own 37.85% of the company’s stock.

Clear Secure Stock Up 5.7 %

Shares of Clear Secure stock opened at $27.36 on Thursday. The stock has a market cap of $3.81 billion, a PE ratio of 31.81 and a beta of 1.43. The business has a fifty day simple moving average of $31.57 and a 200-day simple moving average of $25.93. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88.

Clear Secure (NYSE:YOU) last issued its earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). The business had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. Analysts expect that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Tuesday, December 10th. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio (DPR) is 46.51%.

Analysts Set New Price Targets

YOU has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research note on Friday, November 8th. Telsey Advisory Group increased their price objective on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their price objective on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Wedbush reiterated a “neutral” rating and set a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.67.

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.