Tiger Global Ups Its Stake in dELiA*s, Inc. (DLIA)
Chase Coleman and Feroz Dewan are bullish on dELiA*s, Inc. (NASDAQ:DLIA). In a recent filing with the Securities and Exchange Commission, their fund, Tiger Global, has revealed an increase in its position to approximately 4.47 million shares from 3.4 million held previously. As a result, Tiger now holds 6.3% of the company's common stock. Tiger Global has initiated a position in dELiA*s, Inc. (NASDAQ:DLIA) during the last quarter of 2013.
David Gallo of Valinor Management is also a fan of this stock. During the fourth quarter of 2013, his fund built a considerable position: 6.57 million shares valued at approximately $5.78 million. Michael Zimmerman has also initiated a new position for his fund during the same quarter. Prentice Capital has reported a little over 6 million shares valued at $5.3 million in its latest 13F report.
dELiA*s, Inc. (NASDAQ:DLIA) engages in the retail of apparel and accessories in the United States. After a massive fall in the aftermath of the 2008 financial crisis, the stock has been trending sideways and is currently priced at $1.34 per share. The company has a market cap of $90.6 million and does not pay a dividend. For the thirteen weeks ended November 2, 2013, dELiA*s posted net revenues of $32.9 million and a loss per share of $0.4. According to a preliminary report, the company's revenues for 2013 fourth quarter have fallen 34.2% year-over-year, to $35.4 million .
Coleman and Dewan are also betting big on Priceline.com Inc (NASDAQ:PCLN). During the fourth quarter of 2013, Tiger Global increased its stake by 23% to 708,000 shares reportedly worth $823 million. They have also almost doubled Tiger's holding of TransDigm Group Incorporated(NYSE:TDG) to 2.62 million shares worth $422 million according to the fund's latest 13F report. Tiger Global has recently reported a further reduction of its investment in TAL Education Group (ADR) (NYSE:XRS). Approximately 2 million shares were disposed of, leaving Tiger with only 2.95 million shares.