New Age Alpha Advisors LLC Buys Shares of 125,907 Clear Secure, Inc. (NYSE:YOU)

New Age Alpha Advisors LLC purchased a new position in shares of Clear Secure, Inc. (NYSE:YOU) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 125,907 shares of the company’s stock, valued at approximately $3,354,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Clear Secure by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company’s stock worth $333,718,000 after acquiring an additional 473,207 shares during the last quarter. FMR LLC lifted its holdings in shares of Clear Secure by 30.6% during the third quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after purchasing an additional 1,547,692 shares during the period. State Street Corp grew its stake in shares of Clear Secure by 64.1% in the third quarter. State Street Corp now owns 3,360,945 shares of the company’s stock worth $111,381,000 after purchasing an additional 1,312,419 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Clear Secure by 24,161.2% in the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock valued at $81,300,000 after purchasing an additional 3,039,236 shares during the period. Finally, Geode Capital Management LLC raised its position in Clear Secure by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock worth $77,788,000 after purchasing an additional 141,208 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Stifel Nicolaus reduced their target price on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $42.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Clear Secure has an average rating of “Moderate Buy” and an average price target of $34.00.

Clear Secure Price Performance

NYSE:YOU opened at $26.53 on Friday. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The company has a market cap of $3.63 billion, a PE ratio of 30.85 and a beta of 1.37. The firm has a 50-day moving average of $24.45 and a 200-day moving average of $27.99.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

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.