Activist investor Starboard Value discloses 9% stake in Tripadvisor

July 03, 2025 05:26 AM PDT | By EODHD

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Activist investor Starboard Value discloses 9% stake in Tripadvisor — Image source: Kalkine Media

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(Reuters) -Activist investor Starboard Value disclosed a 9% stake in online travel firm Tripadvisor (NASDAQ:TRIP), according to a filing submitted to the U.S. Securities and Exchange Commission on Thursday. Starboard, one of the industry’s busiest activist investors, said shares of Tripadvisor "were undervalued and represented an attractive investment opportunity." The hedge fund has pushed for changes at several companies in the last one year, including Band-Aid maker Kenvue (NYSE:KVUE), drugmaker Pfizer (NYSE:PFE) and design-software firm Autodesk (NASDAQ:ADSK). Tripadvisor did not immediately respond to Reuters’ request for comment.

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