SFTBY - SoftBank Group Corp.

Other OTC - Other OTC Delayed Price. Currency in USD
49.55
-0.06 (-0.12%)
At close: 3:59PM EDT
Stock chart is not supported by your current browser
Previous Close49.61
Open50.45
Bid0.00 x 0
Ask0.00 x 0
Day's Range49.44 - 50.68
52 Week Range31.08 - 50.68
Volume456,881
Avg. Volume411,865
Market Cap104.817B
Beta (3Y Monthly)1.79
PE Ratio (TTM)6.93
EPS (TTM)7.15
Earnings DateN/A
Forward Dividend & Yield0.20 (0.40%)
Ex-Dividend Date2018-09-27
1y Target EstN/A
Trade prices are not sourced from all markets
  • Softbank to invest $1B in Uber self driving unit
    Yahoo Finance Video9 days ago

    Softbank to invest $1B in Uber self driving unit

    As Uber makes it’s pitch to investors for its anticipated IPO, Softbank, among a few, is now in late stage talks to invest $1 billion or more in the company’s self driving unit.

  • SoftBank, Toyota in talks to invest in Uber's self-driving unit: sources
    Reuters Videos10 days ago

    SoftBank, Toyota in talks to invest in Uber's self-driving unit: sources

    A group of investors led by SoftBank and Toyota is in talks to invest $1 billion or more into Uber's self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. Ed Giles reports.

  • How Nuro plans to spend Softbank's $940 million
    TechCrunch7 hours ago

    How Nuro plans to spend Softbank's $940 million

    Autonomous delivery startup Nuro is bursting with ideas since SoftBankinvested nearly $1 billion in February, new filings reveal

  • SoftBank's Vision Fund Promotes Lydia Jett to Partner
    Bloomberg2 days ago

    SoftBank's Vision Fund Promotes Lydia Jett to Partner

    Jett joined SoftBank four years ago, leading and managing global investments in consumer internet and e-commerce companies. The promotion “empowers me and my team and other women of the Vision Fund to continue the work that we do,” said Jett, who was a vice president at the private equity firm M/C Partners before joining SoftBank.

  • Why GrubHub Stock Tanked 8.4% on March 19
    Market Realist2 days ago

    Why GrubHub Stock Tanked 8.4% on March 19

    What's New in Tech: Instagram, Google, Waymo, Xiaomi, and More(Continued from Prior Part)GrubHub stock fell after analysts said it was losing diners Online food delivery company GrubHub (GRUB) saw its stock tank 8.37% on March 19 after KeyBanc

  • Barrons.com3 days ago

    The Venture-Capital Bubble Is Going to Burst

    Venture-capital firms and early-stage companies could see a major fall in their fortunes this year. A combination of inflated valuations, unsophisticated financial models, and lack of investor perspective has led to an unsustainable bubble in the start-up sector and the firms that fund it. The venture-capital industry has ballooned over the past decade.

  • Nvidia partners with SoftBank to deploy cloud gaming servers in Japan
    Reuters4 days ago

    Nvidia partners with SoftBank to deploy cloud gaming servers in Japan

    Nvidia makes graphics chips for PCs and laptops that help video games look more realistic. Now the company is putting those same chips inside servers in data centers so that gamers who do not have an Nvidia chip in their computer can stream games from the data center.

  • Moody's4 days ago

    Deutsche Telekom International Finance B.V. -- Moody's announces completion of a periodic review of ratings of Deutsche Telekom AG

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Deutsche Telekom AG and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • The 2 Best Stocks to Buy Instead of Lyft
    InvestorPlace4 days ago

    The 2 Best Stocks to Buy Instead of Lyft

    The Lyft IPO is moving at break-neck speed, but that has some investors looking at alternative investments like Alphabet (NASDAQ:GOOG, NADAQ:GOOGL) stock and General Motors (NYSE:GM).Source: Shutterstock Here's why.The Lyft deal may launch late next week on the Nasdaq under the ticker symbol LYFT and the company is already on the roadshow (you can view the video here).InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet Lyft has little choice but to act fast since rival Uber is not far behind. It's all about not getting overshadowed. After all, Uber remains the dominant player in the ride-sharing market and its own IPO will likely suck up huge amounts of capital -- perhaps over $20 billion.As for the Lyft IPO, it will be much more modest in comparison. It appears that the deal will result in a rise of about $2 billion, which is based on the details of the latest S-1 filing.So what are the prospects for the deal? Well, perhaps in the short-term, it will provide traders with opportunities for quick gains. There is quite a bit of pent-up demand for red-hot IPOs right now and Lyft fits the bill.However, in the coming months, we'll likely see more quality companies come to the markets -- like Pinterest and Slack -- and this could marginalize Lyft. Besides, it looks like the valuation will be at nose-bleed levels, at over 10 times last year's revenues. * The 10 Best Stocks to Buy for the Bull Market's Anniversary With all of that in mind, here's why investors might consider GM and GOOGL stock over LYFT in the months ahead. Reasons to Choose GOOGL Stock Over LYFTConsider that GOOGL has a 4.7% stake in Lyft. In other words, if the IPO jumps on its debut -- which seems likely -- the equity position could be worth over $1 billion.Although this may be too little to move the needle for GOOGL stock immediately, a successful Lyft IPO, as well as a solid Uber offering, could ultimately boost the fortunes of the company. The reason: Waymo. Founded in 2009, it is the self-driving unit of GOOGL and it has been a major priority. There have not only been strides with AI, such as with deep learning models, but also the creation of cost-effective sensors.About a year ago, Waymo initiated a pilot program for a self-driving taxi service in Phoenix, Arizona. And in December, there was the launch of the commercial service called Waymo One.Here's how a blog from Alphabet describes it:"We'll start by giving riders access to our app. They can use it to call our self-driving vehicles 24 hours a day, 7 days a week. They can ride across several cities in the Metro Phoenix area, including Chandler, Tempe, Mesa, and Gilbert. Whether it's for a fun night out or just to get a break from driving, our riders get the same clean vehicles every time and our Waymo driver with over 10 million miles of experience on public roads. Riders will see price estimates before they accept the trip based on factors like the time and distance to their destination."It's still in the early phases. But Waymo could be disruptive for Lyft as human drivers are a significant cost. The company's S-1 filing notes: "If we are unable to efficiently develop our own autonomous vehicle technologies or develop partnerships with other companies to offer autonomous vehicle technologies on our platform in a timely manner, our business, financial condition and results of operations could be adversely affected."But regarding GOOGL stock, there is much more than self-driving cars to drive growth. The company has a wide array of assets that have over 1 billion users, such as the main Google search engine, YouTube, Gmail, Maps, Chrome, Android and Play. The company is also pouring money into R&D for critical areas, such as artificial intelligence, augmented reality, virtual reality and the Internet-of-Things. What's more, GOOGL stock is trading at a reasonable valuation, with a forward price-to-earnings multiple at 22X or so. Reasons to Choose GM Stock Over LYFTGeneral Motors (NYSE:GM) has an even larger stake in Lyft, at nearly 7% (the initial investment was for $500 million). Given that the market cap is about $53 billion, the IPO may provide a boost to the GM stock price.But the partnership between GM and Lyft has not gotten much traction. Perhaps the reason is that GM has been focused on creating its own autonomous vehicle business, through the $1 billion acquisition of Cruise in 2016. Since then, the company has gone on to snag hefty investments from Softbank (OTCMKTS:SFTBY) and Honda (NYSE:HMC) -- for a valuation of $14.6 billion. Cruise currently has over 1,000 employees and it has been aggressively striking partnerships, such as an agreement with Doordash. * 7 Financial Stocks to Invest In Today Who knows, maybe this until will eventually be an IPO too.But in the meantime, the core business behind GM stock has been doing just fine, especially in North America. For the full-year, the company expects operating profits to increase by about 20%.GM stock is certainly trading at a dirt-cheap valuation, as the forward price-to-earnings multiple is at 6X. The dividend is also at an attractive 4%.Ultimately, these two companies offer solid alternatives to the LYFT IPO if you're an investor that's interested in taking advantage of the potential excitement surrounding its debut but want to play on the safer side of things.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post The 2 Best Stocks to Buy Instead of Lyft appeared first on InvestorPlace.

  • CNBC5 days ago

    What Indonesia's e-commerce unicorn says it's going to do with $1.1 billion in cash investment

    Indonesian e-commerce firm Tokopedia plans to use the billion-dollar investment it secured last year to make the company "stronger," said its associate vice president of financial technology, Samuel Sentana.

  • Reuters5 days ago

    Nvidia partners with Softbank to deploy cloud gaming servers in Japan

    Nvidia makes graphics chips for PCs and laptops that help video games look more realistic. Now the company is putting those same chips inside servers in data centers so that gamers who do not have an Nvidia chip in their computer can stream games from the data center. Nvidia said at a conference in San Jose, California, that it has created a "pod" of its graphics cards that can support up to 10,000 gamers streaming games at once.

  • Twitter Former CFO Joins SoftBank-Backed Farming Startup Plenty
    Bloomberg8 days ago

    Twitter Former CFO Joins SoftBank-Backed Farming Startup Plenty

    Mike Gupta helped take Twitter public in 2013 and left for Docker Inc. two years later. Earlier, Gupta was treasurer at gaming company Zynga Inc., helping to lead its initial public offering, and had previously spent about eight years in various roles at Yahoo. SoftBank Group Corp.-backed Plenty has made several high profile hires in recent years, including Tesla Inc.’s former battery directory Kurt Kelty and the electric carmaker’s former vice president of engineering, Nick Kalayjian.

  • Financial Times9 days ago

    [$$] Latin America’s gold e-rush

    In a seemingly parallel universe — far from Venezuela’s unfolding tragedy, Argentina’s recession, or Brazil’s and Mexico’s controversial new presidents — e-business is booming in Latin America. Mercado Libre, the Argentina-based e-commerce retailer, raised $1.9bn in a share placement and a direct investment from PayPal. , meanwhile said it was setting up a $5bn Latin America tech fund. For outside investors, the region is increasingly no longer a story about commodities only.

  • TheStreet.com9 days ago

    SoftBank, Toyota Looking to Invest in Uber's Self-Driving Unit

    As far as investments go, they are really heating up in the autonomous driving market. subsidiary Argo, which now has a $4 billion valuation. Keep in mind Ford bought Argo for $1 billion less than two years ago.

  • What Uber Really Gets From Selling a $1 Billion Stake
    Bloomberg9 days ago

    What Uber Really Gets From Selling a $1 Billion Stake

    Softbank Group Corp.’s Vision Fund and other investors are set to pump that amount into the division at a valuation of between $5 billion and $10 billion. The investment probably has more to do with Uber’s impending initial public offering than anything else. Let’s not forget that the Vision Fund is already one of the biggest investors in Uber.

  • SoftBank-backed Nuro launches autonomous grocery delivery service in Houston
    TechCrunch9 days ago

    SoftBank-backed Nuro launches autonomous grocery delivery service in Houston

    On the heels of its massive $940 million funding from the SoftBank VisionFund, Nuro is launching in its second market

  • The Wall Street Journal9 days ago

    [$$] VC Daily: Carried-Interest Fight Returns | SoftBank Nears Self-Driving Car Deal | Can Decred Pull Off Crypto Consensus?

    VC Daily: Carried-Interest Fight Returns | SoftBank Nears Self-Driving Car Deal | Can Decred Pull Off Crypto Consensus? Good day. Private-market investors could be in for another fight over their favorite tax break.

  • Reuters10 days ago

    SoftBank, Toyota in talks to invest $1 billion in Uber's self-driving unit - sources

    A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc's self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. The investment would provide a cash injection for Uber's self-driving program that is costing the money-losing startup hundreds of millions of dollars without generating revenue. It could also help underscore Uber's value as the ride-hailing firm prepares for a stock market debut in which its value could top $100 billion.

  • Reuters10 days ago

    Nikkei ends nearly flat after weak China data; SoftBank surges

    Japan's Nikkei ended nearly flat on Thursday after China reported a mixed bag of data that renewed concerns about the global economy, while index-heavyweight SoftBank Group offered support amid talk of ...

  • Reuters10 days ago

    Nikkei rises as SoftBank surges on Uber self-driving investment hopes

    Japan's Nikkei rose on Thursday morning driven by gains in index-heavyweight SoftBank Group while investors bought futures as global risk issues such as a no-deal Brexit receded. SoftBank Group Corp soared 4.6 percent to 11,160 yen, the highest since early October fuelled by news it is mulling an investment in Uber's self-driving unit. It added 45 hefty positive points to the Nikkei index.

  • Reuters10 days ago

    SoftBank, Toyota in talks to invest $1 billion in Uber's self-driving unit: sources

    A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc's self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. The investment would provide a cash injection for Uber's self-driving program that is costing the money-losing startup hundreds of millions of dollars without generating revenue. It could also help underscore Uber's value as the ride-hailing firm prepares for a stock market debut in which its value could top $100 billion.

  • Financial Times10 days ago

    [$$] Uber in talks to sell $1bn stake in self-driving unit to SoftBank

    The group is considering investing at least $1bn in Uber’s Advanced Technologies Group in a deal that would value the unit between $5bn and $10bn. Uber and SoftBank declined to comment. Toyota said in a statement: “Toyota constantly reviews and considers various options for investment.

  • Uber Is Close to Securing Investors for Its Self-Driving Car Unit
    Bloomberg10 days ago

    Uber Is Close to Securing Investors for Its Self-Driving Car Unit

    The deal would value the autonomous-vehicle business at $5 billion to $10 billion, and Uber would retain a majority stake, said the people, who asked not to be identified because the discussions are private. SoftBank and Uber declined to comment. Selling a piece of the self-driving business would allow Uber to offload part of a very expensive endeavor, as it faces scrutiny from prospective investors in an initial public offering planned for the coming months.

  • TheStreet.com10 days ago

    Uber's Self-Driving Car Poised to Get $1 Billion Boost

    Uber Technologies, Inc. is reportedly closing in on a $1 billion-plus financing deal for its self-driving car unit, a move that could give Uber a critical boost as it gears up to go public this spring. A spokesperson for Uber declined to comment to TheStreet on the news, and SoftBank did not immediately respond to a request for comment. The deal comes on the heels of a $7.7 billion investment, inked late last year by SoftBank in Uber's main operations, giving it a 15% stake in the company.