XTX Topco Ltd Sells 29,110 Shares of Clear Secure, Inc. (NYSE:YOU)

XTX Topco Ltd cut its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 78.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,778 shares of the company’s stock after selling 29,110 shares during the period. XTX Topco Ltd’s holdings in Clear Secure were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of YOU. 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 bought a new stake in Clear Secure in the 3rd quarter worth about $33,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Clear Secure in the 2nd quarter valued at about $26,000. KBC Group NV bought a new position in shares of Clear Secure during the 3rd quarter worth approximately $90,000. Finally, NBC Securities Inc. bought a new position in shares of Clear Secure during the 3rd quarter worth approximately $105,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on YOU. Telsey Advisory Group increased their price target on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wedbush reaffirmed a “neutral” rating and set a $26.00 target price (up from $24.00) on shares of Clear Secure in a research 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 company a “hold” rating in a research report on Monday, October 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.67.

Insider Buying and Selling

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 37.85% of the stock is currently owned by insiders.

Clear Secure Stock Down 2.6 %

NYSE YOU opened at $25.98 on Thursday. The company has a market cap of $3.62 billion, a PE ratio of 30.21 and a beta of 1.43. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The firm’s 50-day simple moving average is $30.49 and its two-hundred day simple moving average is $26.64.

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

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.92%. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, December 10th. Clear Secure’s payout ratio is presently 58.14%.

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.