Toyota Motor Corp (NYSE:TM)’s share price 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 changing hands.

TM has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Toyota Motor Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. Mizuho lowered shares of Toyota Motor Corp from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 11th. Finally, Jefferies Group reduced 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 report on Friday, May 13th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $108.54.

The company’s 50 day moving average price is $104.48 and its 200-day moving average price is $106.28. The stock has a market capitalization of $166.59 billion and a P/E ratio of 7.92.

Several hedge funds and institutional investors recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its position in 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 worth $1,030,000 after buying an additional 546 shares in the last quarter. TD Asset Management Inc. boosted its position in 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 in the last quarter. Sawtooth Asset Management Inc. boosted its position 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. Ironsides Asset Advisors LLC boosted its position in Toyota Motor Corp by 57.3% in the fourth quarter. Ironsides Asset Advisors LLC now owns 15,463 shares of the company’s stock worth $1,903,000 after buying an additional 5,635 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Toyota Motor Corp by 7.8% in the fourth quarter. Rhumbline Advisers now owns 16,653 shares of the company’s stock worth $2,049,000 after buying an additional 1,199 shares in the last quarter.

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