OVERSEA CHINESE BANKING Corp Ltd has significantly reduced its holdings in Baidu Inc., selling 6,062 shares, which constitutes a 66.4% reduction in its stake. Following the sale, the banking corporation now holds 3,064 shares, valued at approximately $265,000, as disclosed in its latest SEC filing. This news comes amidst a backdrop of varied analyst opinions on the company. Recently, Macquarie upgraded Baidu's stock from "neutral" to "outperform" and increased its price target. In contrast, Wall Street Zen downgraded the stock to a "sell" rating earlier in October. The current consensus rating among analysts for Baidu remains a "Moderate Buy". There was no significant market reaction directly attributed to this news in the initial reports. The stock was reported to be down 1.4% on the day of the announcement, which is a moderate fluctuation but not explicitly linked to the stake sale.