XTX Topco Ltd Increases Position in Dolby Laboratories, Inc. (NYSE:DLB)

XTX Topco Ltd lifted its holdings in shares of Dolby Laboratories, Inc. (NYSE:DLB) by 114.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,104 shares of the electronics maker’s stock after acquiring an additional 3,251 shares during the quarter. XTX Topco Ltd’s holdings in Dolby Laboratories were worth $467,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Panagora Asset Management Inc. bought a new stake in Dolby Laboratories in the second quarter valued at about $3,348,000. Boston Trust Walden Corp increased its holdings in Dolby Laboratories by 185.3% in the third quarter. Boston Trust Walden Corp now owns 1,075,076 shares of the electronics maker’s stock valued at $82,276,000 after buying an additional 698,283 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Dolby Laboratories by 47.5% in the second quarter. Pacer Advisors Inc. now owns 23,320 shares of the electronics maker’s stock valued at $1,848,000 after buying an additional 7,509 shares during the last quarter. Algert Global LLC increased its holdings in Dolby Laboratories by 52.0% in the third quarter. Algert Global LLC now owns 48,822 shares of the electronics maker’s stock valued at $3,736,000 after buying an additional 16,700 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in Dolby Laboratories in the third quarter valued at about $3,031,000. 58.56% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Ryan Nicholson sold 10,500 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $80.18, for a total transaction of $841,890.00. Following the completion of the sale, the chief accounting officer now owns 24,364 shares in the company, valued at approximately $1,953,505.52. This represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John D. Couling sold 7,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $80.50, for a total value of $563,500.00. Following the sale, the senior vice president now owns 106,806 shares of the company’s stock, valued at $8,597,883. This trade represents a 6.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,091 shares of company stock worth $12,027,697 over the last ninety days. Company insiders own 39.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on DLB shares. StockNews.com raised Dolby Laboratories from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 4th. Barrington Research reiterated an “outperform” rating and set a $100.00 price objective on shares of Dolby Laboratories in a research report on Wednesday, November 20th. Finally, Rosenblatt Securities boosted their price objective on Dolby Laboratories from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th.

Dolby Laboratories Price Performance

DLB opened at $79.18 on Friday. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 29.22 and a beta of 0.98. Dolby Laboratories, Inc. has a 1-year low of $66.35 and a 1-year high of $89.28. The business has a 50 day moving average price of $75.86 and a two-hundred day moving average price of $75.77.

Dolby Laboratories Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, December 3rd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.67%. This is an increase from Dolby Laboratories’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, December 3rd. Dolby Laboratories’s dividend payout ratio is 48.71%.

Dolby Laboratories Company Profile

Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.