<a href="https://comicvibe.com/why-sphere-entertainment-sphr-stock-is-trading-lower-today/” title=”Why Sphere Entertainment (SPHR) Stock Is Trading Lower Today”>Sphere Entertainment Co. (SPHR) is down 10.6% today. Here is some analysis on what might have caused this price movement.
Analysis: The sharp drop appears to be tied mainly to an analyst downgrade that pointed to demand for The Wizard of Oz at Sphere cooling faster than previously expected. That matters because the stock’s recent strength has been closely linked to confidence that the Las Vegas Sphere can keep turning its flagship attraction into durable, high-margin revenue.
Sphere Entertainment Co., MarketBeat, TipRanks
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
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$SPHR Hedge Fund Activity
We have seen 218 institutional investors add shares of $SPHR stock to their portfolio, and 172 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SANDS CAPITAL MANAGEMENT, LLC added 1,358,321 shares (+inf%) to their portfolio in Q2 2026, for an estimated $235,030,282
- ARIEL INVESTMENTS, LLC removed 796,983 shares (-32.4%) from their portfolio in Q2 2026, for an estimated $137,901,968
- FMR LLC added 622,428 shares (+179.6%) to their portfolio in Q2 2026, for an estimated $107,698,716
- TWO SIGMA INVESTMENTS, LP removed 602,030 shares (-85.3%) from their portfolio in Q2 2026, for an estimated $104,169,250
- CASTLE HOOK PARTNERS LP added 522,039 shares (+inf%) to their portfolio in Q2 2026, for an estimated $90,328,408
- AMERIPRISE FINANCIAL INC added 482,680 shares (+114.6%) to their portfolio in Q2 2026, for an estimated $83,518,120
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 462,772 shares (+inf%) to their portfolio in Q2 2026, for an estimated $80,073,439
To track hedge funds’ stock portfolios, check out Quiver Quantitative’s institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$SPHR Congressional Stock Trading
Members of Congress have traded $SPHR stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $SPHR stock by members of Congress over the last 6 months:
- REPRESENTATIVE JONATHAN L. JACKSON purchased up to $15,000 on 06/15.
To track congressional stock trading, check out Quiver Quantitative’s congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$SPHR Analyst Ratings
Wall Street analysts have issued reports on $SPHR in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a “Overweight” rating on 05/06/2026
- Morgan Stanley issued a “Overweight” rating on 05/01/2026
To track analyst ratings and price targets for $SPHR, check out Quiver Quantitative’s $SPHR forecast page.
$SPHR Price Targets
Multiple analysts have issued price targets for $SPHR recently. We have seen 9 analysts offer price targets for $SPHR in the last 6 months, with a median target of $175.0.
- Stephen Laszczyk from Goldman Sachs set a target price of $189.0 on 07/09/2026
- Mike Hickey from Benchmark set a target price of $175.0 on 06/18/2026
- Joseph Stauff from Susquehanna set a target price of $182.0 on 06/18/2026
- Matthew Condon from Citizens set a target price of $200.0 on 06/17/2026
- Tyler DiMatteo from BTIG set a target price of $190.0 on 05/19/2026
- Curry Baker from Guggenheim set a target price of $175.0 on 05/06/2026
- David Karnovsky from JP Morgan set a target price of $150.0 on 05/06/2026
This article is not financial advice. See Quiver Quantitative’s disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
