Sumitomo Mitsui Trust Group Inc. Lowers Position in Baidu, Inc. $BIDU
Sumitomo Mitsui Trust Group Inc. reduced its stake in Baidu, Inc. by 15.2% during the first quarter, selling over 101,000 shares, although it still holds 567,778 shares valued at approximately $63.3 million. Other institutional investors made minor adjustments, with some modestly increasing their holdings. Baidu's shares are currently trading at $117.53, and analysts generally maintain a "Moderate Buy" rating with an average target price of $162.58.

























