Toyota Motor Corp (NYSE:TM)’s share price gapped up prior to trading on Friday . The stock had previously closed at $107.85, but opened at $107.98. Toyota Motor Corp shares last traded at $108.86, with a volume of 185,768 shares changing hands.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Toyota Motor Corp from a “hold” rating to a “strong sell” rating in a research note on Friday, May 13th. Jefferies Group decreased their target price 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. Finally, Mizuho cut shares of Toyota Motor Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 11th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Toyota Motor Corp presently has an average rating of “Hold” and an average price target of $108.54.

The firm has a 50 day moving average price of $103.61 and a 200-day moving average price of $106.67. The stock has a market capitalization of $165.28 billion and a P/E ratio of 7.59.

Several institutional investors have recently modified their holdings of the company. Wetherby Asset Management Inc. raised 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 worth $2,001,000 after buying an additional 432 shares during the last quarter. Bailard Inc. purchased a new position in shares of Toyota Motor Corp during the fourth quarter worth $4,227,000. Tradition Capital Management LLC raised its position in shares of Toyota Motor Corp by 4.7% in the fourth quarter. Tradition Capital Management LLC now owns 36,285 shares of the company’s stock worth $4,464,000 after buying an additional 1,620 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of 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 during the last quarter. Finally, TD Asset Management Inc. raised 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 during the last quarter.

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