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Starboard Value Discloses $111 Million Stake in TripAdvisor
ByAinvest
Thursday, Aug 14, 2025 9:16 pm ET1min read
Starboard Value has disclosed a new stake in TripAdvisor (TRIP) worth $111M. The activist investor has a history of pushing for changes in the companies it invests in. The stake is a significant increase in Starboard's holdings, and the move is likely to be closely watched by investors and the company itself.
Activist investor Starboard Value has disclosed a new stake in TripAdvisor (NASDAQ:TRIP), valued at approximately $111 million. This significant investment represents a substantial increase in Starboard's holdings in the travel platform. The move is likely to attract close scrutiny from investors and the company itself, given Starboard's history of pushing for changes in the companies it invests in.The new position was revealed in Starboard's latest 13F filing, which was published on Thursday. According to the filing, Starboard purchased 8,499,054 shares in TripAdvisor, boosting its total stake to a significant level [1]. The filing also indicates that Starboard increased its positions in other companies, such as Salesforce (NYSE:CRM) and Pfizer (NYSE:PFE), while trimming its stakes in Kenvue (KVUE) and Gen Digital (GEN) [1].
This move comes amidst growing interest in TripAdvisor from activist investors. Bernstein SocGen Group recently reiterated an Outperform rating and a $20.00 price target on TripAdvisor stock, citing the company's strong financial performance and strategic initiatives [2]. Despite third-quarter guidance coming in below analyst expectations, TripAdvisor reported solid earnings per share (EPS) and maintained a "GOOD" financial health score, with liquid assets exceeding short-term obligations [2].
The new stake by Starboard Value is likely to influence TripAdvisor's strategic direction, as the activist investor has a track record of advocating for changes that can enhance shareholder value. Investors and financial professionals will be closely watching the developments, as this investment could potentially lead to significant changes within the company.
References:
[1] https://seekingalpha.com/news/4485801-starboard-takes-new-position-in-tripadvisor-adds-salesforce-and-pfizer-among-q2-moves
[2] https://www.investing.com/news/analyst-ratings/bernstein-reiterates-outperform-rating-on-tripadvisor-stock-amid-activist-interest-93CH-4182963
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