Sphere Entertainment (NYSE:SPHR) Stock Bought Rep. Jonathan L. Jackson

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%

Sphere Entertainment stock 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. Sphere Entertainment Co. has a 12 month low of $37.89 and a 12 month high of $174.60. The company has a market capitalization of $5.06 billion, a P/E ratio of 80.03 and a beta of 1.61. The company has a fifty day moving average price of $146.31 and a two-hundred day moving average price of $123.84. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.33.

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

Institutional Investors Weigh In On Sphere Entertainment

Several institutional investors have recently bought and sold shares of SPHR. Hollencrest Capital Management bought a new position in Sphere Entertainment during the 4th quarter valued at $41,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Sphere Entertainment by 53.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 450 shares of the company’s stock worth $43,000 after acquiring an additional 156 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Sphere Entertainment in the 4th quarter worth $48,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Sphere Entertainment in the fourth quarter valued at about $52,000. Finally, Parallel Advisors LLC raised its holdings in shares of Sphere Entertainment by 275.0% in the first quarter. Parallel Advisors LLC now owns 465 shares of the company’s stock valued at $55,000 after purchasing an additional 341 shares during the last quarter. Institutional investors own 92.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Benchmark lifted their price target 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. Weiss Ratings raised shares of Sphere Entertainment from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Susquehanna lifted their price objective on shares of Sphere Entertainment from $159.00 to $182.00 and gave the company a “positive” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. lifted their price objective on shares of Sphere Entertainment from $143.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley restated an “overweight” rating and issued a $170.00 target price on shares of Sphere Entertainment in a report on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Sphere Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of $161.92.

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.

About Sphere Entertainment

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.