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.

A number of research firms recently weighed in on TM. Zacks Investment Research lowered shares of Toyota Motor Corp from a “hold” rating to a “strong sell” rating in a research note on Friday, May 13th. Jefferies Group lowered 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. Mizuho lowered shares of Toyota Motor Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 11th. Finally, Nomura Holdings Inc. reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Toyota Motor Corp in a research note on Friday, March 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $108.54.

The firm has a 50-day moving average of $102.69 and a 200 day moving average of $107.20. The firm has a market cap of $155.03 billion and a P/E ratio of 7.02.

Several institutional investors recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of Toyota Motor Corp by 7.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,374 shares of the company’s stock valued at $1,030,000 after buying an additional 546 shares during 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 valued at $1,085,000 after buying an additional 133 shares during the last quarter. Sawtooth Asset Management Inc. boosted its position in shares of Toyota Motor Corp by 1,894.8% in the fourth quarter. Sawtooth Asset Management Inc. now owns 9,276 shares of the company’s stock valued at $1,141,000 after buying an additional 8,811 shares during the last quarter. Ironsides Asset Advisors LLC boosted its position in shares of Toyota Motor Corp by 57.3% in the fourth quarter. Ironsides Asset Advisors LLC now owns 15,463 shares of the company’s stock valued at $1,903,000 after buying an additional 5,635 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in shares of Toyota Motor Corp by 2.7% in the fourth quarter. Wetherby Asset Management Inc. now owns 16,259 shares of the company’s stock valued at $2,001,000 after buying an additional 432 shares during the last quarter.

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