Toyota Motor Corp (NYSE:TM)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $108.54, but opened at $108.56. Toyota Motor Corp shares last traded at $109.09, with a volume of 97,191 shares trading hands.

Several equities analysts have recently weighed in on TM shares. Zacks Investment Research upgraded shares of Toyota Motor Corp from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 14th. 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 lowered their price objective on shares of 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. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $108.54.

The stock has a market capitalization of $166.01 billion and a P/E ratio of 7.74. The stock has a 50 day moving average of $104.16 and a 200-day moving average of $106.35.

Several hedge funds have recently modified their holdings of TM. Dimensional Fund Advisors LP boosted its stake in shares of Toyota Motor Corp by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 685,252 shares of the company’s stock valued at $84,313,000 after buying an additional 6,424 shares during the last quarter. Tradition Capital Management LLC boosted its stake 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 valued at $4,464,000 after buying an additional 1,620 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake 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. Bailard Inc. purchased a new stake in shares of Toyota Motor Corp during the fourth quarter valued at approximately $4,227,000. Finally, Wells Fargo & Company MN boosted its stake 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 valued at $55,586,000 after buying an additional 11,254 shares during the last quarter.

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