Toyota Motor Corp (NYSE:TM) shares gapped up prior to trading on Thursday . The stock had previously closed at $99.51, but opened at $99.78. Toyota Motor Corp shares last traded at $100.19, with a volume of 286,481 shares changing hands.

TM has been the subject of a number of research analyst reports. Nomura Holdings Inc. reaffirmed a “buy” rating and issued a $48.00 target price on shares of Toyota Motor Corp in a report on Friday, March 11th. Zacks Investment Research cut shares of Toyota Motor Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. Mizuho cut shares of Toyota Motor Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 11th. Finally, Jefferies Group dropped their price objective on shares of Toyota Motor Corp from $114.78 to $113.64 and set a “hold” rating for the company in a research note on Friday, May 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $108.54.

The company has a 50 day moving average of $102.62 and a 200-day moving average of $107.36. The stock has a market capitalization of $152.78 billion and a PE ratio of 7.05.

Several institutional investors have made changes to their positions in the stock. Neuberger Berman Group LLC boosted its position in shares of Toyota Motor Corp by 19.5% in the fourth quarter. Neuberger Berman Group LLC now owns 117,121 shares of the company’s stock worth $14,411,000 after buying an additional 19,139 shares in the last quarter. Sei Investments Co. boosted its position in shares of Toyota Motor Corp by 903.6% in the fourth quarter. Sei Investments Co. now owns 98,374 shares of the company’s stock worth $12,105,000 after buying an additional 88,572 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Toyota Motor Corp by 7.8% in the fourth quarter. Rhumbline Advisers now owns 16,653 shares of the company’s stock worth $2,049,000 after buying an additional 1,199 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of Toyota Motor Corp by 1.5% in the fourth quarter. TD Asset Management Inc. now owns 8,822 shares of the company’s stock worth $1,085,000 after buying an additional 133 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of Toyota Motor Corp by 1.6% in the fourth quarter. Comerica Bank now owns 106,143 shares of the company’s stock worth $12,000,000 after buying an additional 1,637 shares in the last quarter.

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