Sei Investments Co. Has $1.92 Million Position in Clear Secure, Inc. (NYSE:YOU)

Sei Investments Co. grew its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 35.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 72,101 shares of the company’s stock after purchasing an additional 18,861 shares during the period. Sei Investments Co.’s holdings in Clear Secure were worth $1,921,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of YOU. Pacer Advisors Inc. lifted its stake in Clear Secure by 24,161.2% in the 4th 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 last quarter. Wellington Management Group LLP acquired a new position in shares of Clear Secure during the 3rd quarter worth approximately $62,950,000. William Blair Investment Management LLC acquired a new position in Clear Secure in the 4th quarter valued at $37,697,000. State Street Corp grew its stake in Clear Secure by 64.1% during the third quarter. State Street Corp now owns 3,360,945 shares of the company’s stock worth $111,381,000 after buying an additional 1,312,419 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in Clear Secure during the fourth quarter valued at approximately $30,724,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Stock Down 1.4 %

YOU stock opened at $24.92 on Friday. The business has a 50 day moving average of $24.54 and a 200-day moving average of $27.81. The firm has a market cap of $3.41 billion, a PE ratio of 28.97 and a beta of 1.25. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88.

Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is currently 32.47%.

Analyst Upgrades and Downgrades

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

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.