Toyota Motor Corp (NYSE:TM) shares gapped down prior to trading on Wednesday . The stock had previously closed at $109.05, but opened at $109.60. Toyota Motor Corp shares last traded at $110.53, with a volume of 147,585 shares changing hands.

A number of research firms recently weighed in on TM. Zacks Investment Research raised shares of Toyota Motor Corp from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 14th. 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 dropped their price target on shares of Toyota Motor Corp from $114.78 to $113.64 and set a “hold” rating on the stock in a research report on Friday, May 13th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $108.54.

The company has a market capitalization of $167.94 billion and a price-to-earnings ratio of 7.96. The stock has a 50 day moving average price of $104.92 and a 200-day moving average price of $106.05.

A number of hedge funds and institutional investors recently modified their holdings of the stock. TD Asset Management Inc. increased 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. Cambridge Investment Research Advisors Inc. increased its position 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 worth $1,030,000 after buying an additional 546 shares during the last quarter. Rhumbline Advisers increased its position in shares of 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 during the last quarter. Tradition Capital Management LLC increased 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. Finally, Bank of Montreal Can increased its position in shares of Toyota Motor Corp by 25.5% in the fourth quarter. Bank of Montreal Can now owns 20,353 shares of the company’s stock worth $2,504,000 after buying an additional 4,139 shares during the last quarter.

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