Jericho Capital Asset Management L.P. Has $247.74 Million Stock Holdings in Sphere Entertainment Co. $SPHR

Posted by on Jun 18th, 2026

Jericho Capital Asset Management L.P. reduced its holdings in shares of Sphere Entertainment Co. (NYSE:SPHR – Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,605,615 shares of the company’s stock after selling 100,000 shares during the period. Sphere Entertainment comprises about 2.8% of Jericho Capital Asset Management L.P.’s investment portfolio, making the stock its 15th biggest position. Jericho Capital Asset Management L.P. owned 7.38% of Sphere Entertainment worth $247,742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Steadfast Capital Management LP lifted its stake in Sphere Entertainment by 0.9% during the third 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 raised its holdings in shares of Sphere Entertainment by 23.2% in the 2nd quarter. Holocene Advisors LP now owns 760,160 shares of the company’s stock worth $31,775,000 after buying an additional 142,997 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Sphere Entertainment by 132.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 628,886 shares of the company’s stock worth $20,577,000 after buying an additional 357,794 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Sphere Entertainment during the 4th quarter worth approximately $39,909,000. Finally, Mane Global Capital Management LP acquired a new stake in Sphere Entertainment in the 3rd quarter valued at $22,143,000. Institutional investors own 92.03% of the company’s stock.

Sphere Entertainment Price Performance

Shares of SPHR stock opened at $151.91 on Thursday. Sphere Entertainment Co. has a 52 week low of $37.89 and a 52 week high of $160.36. The stock has a market capitalization of $5.39 billion, a PE ratio of 85.34 and a beta of 1.64. 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 stock’s fifty day moving average is $136.31 and its 200-day moving average is $113.65.

Sphere Entertainment (NYSE:SPHR – Get Free Report) last issued 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 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 firm’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) EPS. Equities research analysts expect that Sphere Entertainment Co. will post -2.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on SPHR. Weiss Ratings upgraded Sphere Entertainment from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group upped their target price on shares of Sphere Entertainment from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Guggenheim lifted their price target on shares of Sphere Entertainment from $160.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Benchmark upgraded shares of Sphere Entertainment from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Wednesday, May 6th. Finally, Citizens Jmp raised their price objective on shares of Sphere Entertainment from $175.00 to $200.00 and gave the stock a “market outperform” rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $147.85.

Read Our Latest Analysis on SPHR

About Sphere Entertainment

(Free Report)

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.

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Institutional Ownership by Quarter for Sphere Entertainment (NYSE:SPHR)

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