Toyota Motor Corp (NYSE:TM) shares gapped up prior to trading on Friday . The stock had previously closed at $108.84, but opened at $108.86. Toyota Motor Corp shares last traded at $109.78, with a volume of 126,988 shares traded.

A number of research firms recently commented on TM. Zacks Investment Research cut Toyota Motor Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. Mizuho cut Toyota Motor Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 11th. Finally, Jefferies Group reduced 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. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $108.54.

The stock’s 50 day moving average is $104.48 and its 200-day moving average is $106.28. The firm has a market capitalization of $166.59 billion and a price-to-earnings ratio of 7.85.

Other hedge funds and institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP boosted its position 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 in the last quarter. Wells Fargo & Company MN boosted its position 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 during the period. Bailard Inc. purchased a new position in Toyota Motor Corp during the fourth quarter worth $4,227,000. Tradition Capital Management LLC boosted its position in 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 period. Finally, Glacier Peak Capital LLC purchased a new position in Toyota Motor Corp during the fourth quarter worth $4,429,000.

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