Earlier this week it was reported that Zillow Director Jay Hoag’s firm Technology Crossover Ventures (TCV) acquired 700K Zillow Class C shares through its Mariner Investor II fund.
Hoag has now disclosed TCV made second major purchase of 935K shares on Monday at $20.03.
As a result of the news, Zillow enjoyed a 6.09 per cent spike in its share price.
TCV/Mariner also owns 375K Zillow Class A shares. Seeking Alpha reports both share classes are moving higher on a "quiet morning for equities".
It also reveals Zillow/Trulia rival Zumper is in the process of acquiring fellow apartment-listing site PadMapper.
Zumper allows prospective renters to submit applications through its site. It reported having 4M monthly visits as of January.