Shares of Toyota Motor Corp (NYSE:TM) gapped up prior to trading 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.

A number of analysts have weighed in on TM shares. Mizuho cut Toyota Motor Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 11th. Zacks Investment Research upgraded Toyota Motor Corp from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 14th. Finally, Jefferies Group cut their price target 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. One research 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 has an average rating of “Hold” and a consensus price target of $108.54.

The stock has a market cap of $176.12 billion and a price-to-earnings ratio of 8.07. The company has a 50 day moving average price of $106.67 and a 200-day moving average price of $106.02.

Several hedge funds recently made changes to their positions in TM. Rhumbline Advisers boosted its stake 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 valued at $2,049,000 after buying an additional 1,199 shares in the last quarter. Bank of Montreal Can boosted its stake 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 period. Wells Fargo & Company MN boosted its stake 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 worth $55,586,000 after buying an additional 11,254 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake 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 period. Finally, Tradition Capital Management LLC boosted its stake 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 period.

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