Jump Financial LLC Has $1.98 Million Stock Position in Dolby Laboratories, Inc. (NYSE:DLB)

Jump Financial LLC grew its holdings in shares of Dolby Laboratories, Inc. (NYSE:DLB - Free Report) by 379.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,290 shares of the electronics maker's stock after purchasing an additional 20,018 shares during the quarter. Jump Financial LLC's holdings in Dolby Laboratories were worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Dolby Laboratories by 80.5% in the 3rd quarter. Barclays PLC now owns 33,230 shares of the electronics maker's stock valued at $2,544,000 after acquiring an additional 14,825 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of Dolby Laboratories by 10.8% in the 3rd quarter. Synovus Financial Corp now owns 32,062 shares of the electronics maker's stock valued at $2,454,000 after purchasing an additional 3,113 shares during the last quarter. Franklin Resources Inc. grew its holdings in Dolby Laboratories by 22.0% during the third quarter. Franklin Resources Inc. now owns 47,247 shares of the electronics maker's stock worth $3,513,000 after buying an additional 8,509 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Dolby Laboratories by 5.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 284,466 shares of the electronics maker's stock valued at $21,771,000 after purchasing an additional 15,546 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Dolby Laboratories by 207.5% in the fourth quarter. GAMMA Investing LLC now owns 778 shares of the electronics maker's stock valued at $61,000 after purchasing an additional 525 shares in the last quarter. 58.56% of the stock is currently owned by institutional investors.

Dolby Laboratories Stock Performance

Shares of NYSE DLB traded up $1.77 during midday trading on Thursday, reaching $75.57. 69,337 shares of the stock were exchanged, compared to its average volume of 449,586. The stock has a market capitalization of $7.21 billion, a P/E ratio of 27.78 and a beta of 0.94. The company has a 50 day simple moving average of $78.66 and a 200 day simple moving average of $78.21. Dolby Laboratories, Inc. has a twelve month low of $66.35 and a twelve month high of $89.66.

Dolby Laboratories Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, February 11th. This represents a $1.32 annualized dividend and a dividend yield of 1.75%. Dolby Laboratories's dividend payout ratio (DPR) is 48.53%.

Insider Buying and Selling

In other Dolby Laboratories news, EVP Mark Andrew Sherman sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $84.88, for a total transaction of $3,395,200.00. Following the completion of the sale, the executive vice president now directly owns 62,397 shares in the company, valued at $5,296,257.36. The trade was a 39.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Ryan Nicholson sold 7,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $84.07, for a total transaction of $588,490.00. Following the transaction, the chief accounting officer now owns 29,758 shares of the company's stock, valued at $2,501,755.06. This represents a 19.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,121 shares of company stock valued at $5,501,324 over the last three months. 38.39% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DLB has been the subject of several recent analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $100.00 price objective on shares of Dolby Laboratories in a report on Thursday, January 30th. StockNews.com downgraded shares of Dolby Laboratories from a "strong-buy" rating to a "buy" rating in a report on Friday, January 31st. Finally, Barrington Research reiterated an "outperform" rating and issued a $100.00 price target on shares of Dolby Laboratories in a report on Thursday, February 13th.

About Dolby Laboratories

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.