Charles Schwab Investment Management Inc. Boosts Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Charles Schwab Investment Management Inc. increased its position in shares of Clear Secure, Inc. (NYSE:YOU) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 872,154 shares of the company’s stock after purchasing an additional 55,136 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Clear Secure were worth $28,903,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new position in Clear Secure in the second quarter valued at $26,000. Capital Performance Advisors LLP purchased a new stake in shares of Clear Secure in the third quarter valued at about $26,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Clear Secure in the third quarter valued at about $33,000. KBC Group NV purchased a new stake in shares of Clear Secure in the third quarter valued at about $90,000. Finally, Plato Investment Management Ltd raised its holdings in Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock worth $96,000 after purchasing an additional 5,057 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Insider Buying and Selling at Clear Secure

In other news, Director Alclear Investments Ii, Llc sold 227,021 shares of the firm’s 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kenneth L. Cornick sold 250,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 901,500 shares of company stock worth $29,055,829 in the last quarter. 37.85% of the stock is owned by insiders.

Analyst Ratings Changes

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

Clear Secure Stock Performance

Shares of NYSE YOU opened at $27.36 on Thursday. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The firm’s 50 day moving average price is $31.57 and its 200 day moving average price is $25.93. The firm has a market cap of $3.81 billion, a P/E ratio of 31.88 and a beta of 1.43.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The company had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 EPS. As a group, equities analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio (DPR) is 46.51%.

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.