Toyota Motor Corp (NYSE:TM) shares gapped down prior to trading on Monday . The stock had previously closed at $99.39, but opened at $102.07. Toyota Motor Corp shares last traded at $105.42, with a volume of 440,223 shares traded.

Several research analysts recently weighed in on TM shares. Zacks Investment Research downgraded Toyota Motor Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. Mizuho downgraded Toyota Motor Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 11th. Finally, Jefferies Group dropped their target price on Toyota Motor Corp from $114.78 to $113.64 and set a “hold” rating on the stock in a research note on Friday, May 13th. One equities research 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’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $108.54.

The stock’s 50-day moving average is $102.84 and its 200 day moving average is $106.91. The company has a market capitalization of $160.48 billion and a price-to-earnings ratio of 7.27.

Other hedge funds recently made changes to their positions in the company. Bailard Inc. bought a new stake in shares of Toyota Motor Corp during the fourth quarter valued at about $4,227,000. Glacier Peak Capital LLC acquired a new stake in Toyota Motor Corp during the fourth quarter worth $4,429,000. Neuberger Berman Group LLC boosted its stake in 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. Wells Fargo & Company MN boosted its stake in Toyota Motor Corp by 2.6% in the fourth quarter. Wells Fargo & Company MN now owns 451,775 shares of the company’s stock worth $55,586,000 after buying an additional 11,254 shares in the last quarter. Finally, Sawtooth Asset Management Inc. boosted its stake in 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 worth $1,141,000 after buying an additional 8,811 shares in the last quarter.

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