Davis Selected Advisers Sells 12,901 Shares of Clear Secure, Inc. (NYSE:YOU)

Davis Selected Advisers decreased its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 2.2% during the fourth quarter, HoldingsChannel reports. The firm owned 579,686 shares of the company’s stock after selling 12,901 shares during the quarter. Davis Selected Advisers’ holdings in Clear Secure were worth $15,443,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of YOU. Pacer Advisors Inc. boosted its stake in shares of Clear Secure by 24,161.2% during 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 in the last quarter. Wellington Management Group LLP bought a new stake in shares of Clear Secure during the 3rd quarter valued at about $62,950,000. FMR LLC boosted its stake in shares of Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after purchasing an additional 1,547,692 shares in the last quarter. State Street Corp boosted its stake in shares of Clear Secure by 64.1% during the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after purchasing an additional 1,312,419 shares in the last quarter. Finally, Copeland Capital Management LLC bought a new stake in shares of Clear Secure during the 4th quarter valued at about $30,724,000. Institutional investors own 73.80% of the company’s stock.

Clear Secure Stock Performance

Shares of Clear Secure stock opened at $25.63 on Friday. The stock has a market capitalization of $3.57 billion, a PE ratio of 29.80 and a beta of 1.37. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88. The company has a 50-day simple moving average of $24.62 and a two-hundred day simple moving average of $28.33.

Clear Secure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.50 annualized dividend and a yield of 1.95%. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

Analyst Ratings Changes

YOU has been the subject of a number of recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Stifel Nicolaus lowered their price target on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Two 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 a consensus rating of “Moderate Buy” and an average price target of $34.00.

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.