Hsbc Holdings PLC Invests $2.05 Million in CLEAR Secure, Inc. $YOU

Hsbc Holdings PLC acquired a new position in shares of CLEAR Secure, Inc. (NYSE:YOU) in the 1st quarter, Holdings Channel.com reports. The fund acquired 41,636 shares of the company’s stock, valued at approximately $2,051,000.

Other institutional investors have also added to or reduced their stakes in the company. Durable Capital Partners LP boosted its stake in CLEAR Secure by 153.1% in the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares during the period. State Street Corp raised its stake in shares of CLEAR Secure by 1.8% in the 4th quarter. State Street Corp now owns 3,312,235 shares of the company’s stock valued at $116,193,000 after purchasing an additional 59,067 shares during the period. Morgan Stanley raised its stake in shares of CLEAR Secure by 6.0% in the 4th quarter. Morgan Stanley now owns 2,696,837 shares of the company’s stock valued at $94,605,000 after purchasing an additional 152,074 shares during the period. Wellington Management Group LLP lifted its holdings in shares of CLEAR Secure by 5.5% in the fourth quarter. Wellington Management Group LLP now owns 2,626,856 shares of the company’s stock valued at $92,150,000 after purchasing an additional 137,249 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of CLEAR Secure by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,453,137 shares of the company’s stock valued at $86,069,000 after purchasing an additional 20,419 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

CLEAR Secure Price Performance

CLEAR Secure stock opened at $52.03 on Monday. The firm has a 50-day moving average of $55.09 and a 200-day moving average of $48.25. CLEAR Secure, Inc. has a one year low of $28.39 and a one year high of $62.73. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 41.96 and a beta of 1.08.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. The company had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $244.38 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.CLEAR Secure’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. As a group, sell-side analysts expect that CLEAR Secure, Inc. will post 1.61 earnings per share for the current year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.60 annualized dividend and a yield of 1.2%. CLEAR Secure’s dividend payout ratio is 48.39%.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, EVP Kyle Mclaughlin sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the completion of the transaction, the executive vice president directly owned 29,519 shares in the company, valued at $1,658,967.80. This trade represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $59.02, for a total value of $260,396.24. The SEC filing for this sale provides additional information. Insiders sold a total of 23,962 shares of company stock worth $1,360,146 over the last ninety days. 29.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. DA Davidson reaffirmed a “neutral” rating and set a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. The Goldman Sachs Group set a $70.00 target price on CLEAR Secure in a research note on Monday, July 20th. Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $59.29.

About CLEAR Secure

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.