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

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 Stock Up 2.8%

Shares of SPHR traded up $3.92 during midday trading on Friday, hitting $142.46. The company had a trading volume of 409,497 shares, compared to its average volume of 623,714. The company’s 50-day simple moving average is $146.31 and its 200-day simple moving average is $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. Sphere Entertainment Co. has a 1 year low of $37.89 and a 1 year high of $174.60. The firm has a market capitalization of $5.06 billion, a P/E ratio of 80.03 and a beta of 1.61.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SPHR shares. Guggenheim upped their price objective on shares of Sphere Entertainment from $175.00 to $188.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup reissued a “market outperform” rating on shares of Sphere Entertainment in a report on Wednesday, June 17th. The Goldman Sachs Group lifted their price target on Sphere Entertainment from $150.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Bank of America boosted their price objective on Sphere Entertainment from $110.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings raised Sphere Entertainment from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $161.92.

Hedge Funds Weigh In On Sphere Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Steadfast Capital Management LP increased its position in Sphere Entertainment by 0.9% during the 3rd quarter. Steadfast Capital Management LP now owns 1,256,497 shares of the company’s stock worth $78,054,000 after purchasing an additional 10,720 shares during the period. Holocene Advisors LP boosted its stake in shares of Sphere Entertainment by 23.2% in the second quarter. Holocene Advisors LP now owns 760,160 shares of the company’s stock valued at $31,775,000 after buying an additional 142,997 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Sphere Entertainment by 132.0% in the first quarter. Goldman Sachs Group Inc. now owns 628,886 shares of the company’s stock valued at $20,577,000 after buying an additional 357,794 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Sphere Entertainment by 149.9% in the first quarter. Renaissance Technologies LLC now owns 559,935 shares of the company’s stock valued at $65,736,000 after acquiring an additional 335,900 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Sphere Entertainment by 24.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 523,934 shares of the company’s stock valued at $61,510,000 after acquiring an additional 104,192 shares during the period. Institutional investors and hedge funds own 92.03% of the company’s stock.

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.