Shares of Toyota Motor Corp (NYSE:TM) gapped down before the market opened on Friday . The stock had previously closed at $109.38, but opened at $112.31. Toyota Motor Corp shares last traded at $115.56, with a volume of 373,796 shares changing hands.

TM has been the subject of a number of recent analyst reports. Mizuho downgraded shares of Toyota Motor Corp from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 11th. Jefferies Group decreased their target price 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. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $108.54.

The firm has a market cap of $176.12 billion and a PE ratio of 8.27. The stock has a 50-day moving average price of $106.67 and a 200-day moving average price of $106.02.

A number of hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its stake 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 during the last quarter. Rhumbline Advisers increased its stake 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 during the last quarter. Tradition Capital Management LLC increased its stake 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 last quarter. Bank of Montreal Can increased its stake in 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. Finally, Dimensional Fund Advisors LP increased its stake in Toyota Motor Corp by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 685,252 shares of the company’s stock worth $84,313,000 after buying an additional 6,424 shares during the last quarter.

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