Short Interest in Toyota Motor Co. (NYSE:TM) Decreases By 24.4%

Toyota Motor Co. (NYSE:TM) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 921,800 shares, a decrease of 24.4% from the February 13th total of 1,220,000 shares. Based on an average daily volume of 391,300 shares, the short-interest ratio is presently 2.4 days. Currently, 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several research firms recently issued reports on TM. StockNews.com raised shares of Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Macquarie raised shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 4th. Finally, CLSA lowered shares of Toyota Motor from an “outperform” rating to a “hold” rating in a report on Wednesday, February 5th.

Institutional Trading of Toyota Motor

A number of hedge funds and other institutional investors have recently modified their holdings of TM. Wood Tarver Financial Group LLC acquired a new stake in shares of Toyota Motor in the fourth quarter valued at approximately $29,000. Modus Advisors LLC bought a new position in Toyota Motor in the fourth quarter valued at approximately $31,000. Trust Co. of Vermont boosted its stake in Toyota Motor by 113.3% in the fourth quarter. Trust Co. of Vermont now owns 160 shares of the company’s stock valued at $31,000 after acquiring an additional 85 shares during the last quarter. Parvin Asset Management LLC bought a new position in Toyota Motor in the fourth quarter valued at approximately $32,000. Finally, Roxbury Financial LLC bought a new position in Toyota Motor in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Stock Performance

NYSE TM opened at $190.27 on Wednesday. The firm has a market cap of $256.37 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.35 and a beta of 0.63. The company has a 50 day moving average of $185.25 and a 200-day moving average of $180.52. The company has a current ratio of 1.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. Toyota Motor has a 1-year low of $159.04 and a 1-year high of $255.23.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $9.98 earnings per share for the quarter, beating analysts’ consensus estimates of $4.36 by $5.62. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. On average, equities analysts forecast that Toyota Motor will post 19.76 earnings per share for the current fiscal year.

About Toyota Motor

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.