Rep. Jonathan L. Jackson Acquires Sphere Entertainment Co. (NYSE:SPHR) Shares

Representative Jonathan L. Jackson (Democratic-Illinois) recently bought shares of Sphere Entertainment Co. (NYSE:SPHR). In a filing disclosed on July 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Sphere Entertainment stock on June 15th. The trade occurred in the Representative’s “MORGAN STANLEY – ROLLOVER IRA” account.

Representative Jonathan L. Jackson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Hilton Worldwide (NYSE:HLT) on 6/15/2026.
• Sold $1,001 – $15,000 in shares of McKesson (NYSE:MCK) on 6/15/2026.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 5/12/2026.
• Sold $50,001 – $100,000 in shares of Visa (NYSE:V) on 4/24/2026.
• Sold $1,001 – $15,000 in shares of O’Reilly Automotive (NASDAQ:ORLY) on 4/24/2026.
• Sold $15,001 – $50,000 in shares of Tenet Healthcare (NYSE:THC) on 4/20/2026.
• Purchased $15,001 – $50,000 in shares of Simon Property Group (NYSE:SPG) on 4/20/2026.

Sphere Entertainment Price Performance

Shares of NYSE SPHR traded up $3.92 during midday trading on Friday, reaching $142.46. The stock had a trading volume of 409,497 shares, compared to its average volume of 623,714. The stock has a 50-day moving average of $146.31 and a 200-day moving average of $123.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 80.03 and a beta of 1.61. Sphere Entertainment Co. has a 12-month low of $37.89 and a 12-month high of $174.60.

Sphere Entertainment (NYSE:SPHR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.27. The firm had revenue of $386.41 million for the quarter, compared to the consensus estimate of $313.41 million. Sphere Entertainment had a net margin of 8.05% and a negative return on equity of 5.07%. The company’s revenue was up 37.7% on a year-over-year basis. During the same period last year, the firm earned ($2.27) EPS. As a group, research analysts anticipate that Sphere Entertainment Co. will post -2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SPHR has been the subject of a number of recent analyst reports. Bank of America upped their price objective on Sphere Entertainment from $110.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Susquehanna boosted their price target on Sphere Entertainment from $159.00 to $182.00 and gave the stock a “positive” rating in a report on Thursday, June 18th. The Goldman Sachs Group upped their price target on Sphere Entertainment from $150.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. New Street Research set a $188.00 price objective on shares of Sphere Entertainment in a report on Tuesday. Finally, Benchmark lifted their price objective on shares of Sphere Entertainment from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.92.

Institutional Investors Weigh In On Sphere Entertainment

A number of hedge funds have recently made changes to their positions in SPHR. Stratos Wealth Partners LTD. raised its holdings in shares of Sphere Entertainment by 141.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 27,947 shares of the company’s stock worth $2,657,000 after acquiring an additional 16,351 shares in the last quarter. Kelleher Financial Advisors purchased a new position in shares of Sphere Entertainment in the fourth quarter valued at $389,000. SG Americas Securities LLC grew its stake in shares of Sphere Entertainment by 84.6% in the 4th quarter. SG Americas Securities LLC now owns 87,283 shares of the company’s stock worth $8,299,000 after buying an additional 40,002 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in shares of Sphere Entertainment in the 4th quarter worth about $1,694,000. Finally, Quent Capital LLC increased its holdings in shares of Sphere Entertainment by 2,083.3% in the 4th quarter. Quent Capital LLC now owns 10,480 shares of the company’s stock worth $996,000 after buying an additional 10,000 shares during the last quarter. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Jackson

Jonathan Jackson (Democratic Party) is a member of the U.S. House, representing Illinois’ 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Jackson (Democratic Party) is running for re-election to the U.S. House to represent Illinois’ 1st Congressional District. He declared candidacy for the 2026 election.

Jonathan Jackson was born in Chicago, Illinois. Jackson graduated from Whitney Young High School. He earned an M.B.A. from Northwestern University. Jackson’s career experience includes working as an investment analyst and an entrepreneur.

Sphere Entertainment Company Profile

Sphere Entertainment Co (NYSE: SPHR) is a publicly traded company focused on the development and operation of large-scale immersive entertainment venues. Established as a standalone entity in early 2023 following its separation from Madison Square Garden Entertainment, Sphere leverages cutting-edge audiovisual technologies to create next-generation concert, film and cultural experiences. The company’s flagship venue in Las Vegas showcases its core capabilities, while additional projects are in various stages of development around the world.

At the Las Vegas Sphere, Sphere Entertainment has installed one of the largest LED display surfaces on the planet, wrapping audiences in 16K resolution imagery and spatial audio powered by proprietary sound systems.