11:45 AM EDT, 07/03/2025 (MT Newswires) -- (Updates with the latest stock movement in the final paragraph.)

TripAdvisor ( TRIP ) investor Starboard Value has built a 9% stake in the company, The Wall Street Journal reported Wednesday, citing unnamed people familiar with the matter.

The activist investor run by Jeff Smith has a stake worth about $160 million based on Wednesday's prices, making it one of the top shareholders of the company.

Starboard's plans for the company could not be immediately known, the Journal reported.

The company's holdings include its travel search engine as well as a review site for experiences and a restaurant reservation service, the report said.

Tripadvisor ( TRIP ) and Starboard did not immediately reply to MT Newswires' request for comment.

Shares of the company were up over 17% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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