Toyota Motor Corp (NYSE:TM) shares gapped up before the market opened on Thursday . The stock had previously closed at $108.83, but opened at $110.07. Toyota Motor Corp shares last traded at $111.68, with a volume of 395,757 shares trading hands.

TM has been the topic of a number of research reports. Zacks Investment Research downgraded 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 note on Wednesday, May 11th. Finally, Jefferies Group decreased their price target 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Toyota Motor Corp presently has a consensus rating of “Hold” and a consensus price target of $108.54.

The stock has a 50 day moving average of $106.27 and a 200-day moving average of $105.94. The stock has a market capitalization of $170.58 billion and a PE ratio of 8.00.

Other hedge funds and institutional investors have recently 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. Tradition Capital Management LLC boosted 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 valued at $4,464,000 after buying an additional 1,620 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted 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 valued at $1,030,000 after buying an additional 546 shares in the last quarter. Wells Fargo & Company MN boosted 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 valued at $55,586,000 after buying an additional 11,254 shares in the last quarter. Finally, Bank of Montreal Can boosted 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 valued at $2,504,000 after buying an additional 4,139 shares in the last quarter.

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