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Trivago N.V. (TRVG): Billionaire Ken Griffin’s Citadel Investment Group Reports 12.2% Stake

Published on December 27, 2016 at 11:36 am by Insider Monkey Staff in Hedge Funds
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According to a recent 13G filing with the US Securities and Exchange Commission, billionaire Ken Griffin‘s Citadel Investment Group acquired 3.19 million Class A shares of Trivago N.V. (NASDAQ:TRVG), which account for 12.2% of the float. This acquisition represents a brand new addition to the Citadel Investment Group’s portfolio.

Trivago N.V.  is a company that offers Internet-related services such as searching for hotels, accommodations, lodging, etc. The company went public on December 16, and since then its shares have lost 0.17%. According to the Wall Street Journal, the company plans to use its share of the IPO proceeds, estimated at around $199.1 million, to raise its financial flexibility.  A week ago, Susquehanna initiated coverage on Trivago’s stock and placed a ‘Neutral’ rating on it, with a price target of $14.

CITADEL INVESTMENT GROUP

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Citadel Advisors 0 3,188,643 0 12.2%
Citadel Advisors Holdings II 0 3,188,643 0 12.2%
Citadel GP 0 3,193,864 0 12.2%
Kenneth Griffin 0 3,193,864 0 12.2%

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Page 1 of 10 – SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
SCHEDULE 13G
(Rule 13d-102)
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No.      )*
trivago N.V.
  (Name of Issuer)

American Depositary Shares

Representing Class A Shares
(Title of Class of Securities)

89686D105
(CUSIP Number)

December
16, 2016
Date of Event Which Requires Filing of the Statement

Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:

¨     Rule 13d-1(b)
x    Rule 13d-1(c)
¨     Rule 13d-1(d)

*The remainder of this cover page shall
be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).

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