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Warren Buffett's Berkshire Invests $266M in Ulta Beauty, Stock Rises 12%

Aug 14, 2024, 08:18 PM

Warren Buffett's Berkshire Hathaway has disclosed a new investment in Ulta Beauty, acquiring 690,106 shares valued at approximately $266 million during the last quarter. This move has led to a significant 12% increase in Ulta Beauty's stock price in after-hours trading. The investment was revealed in Berkshire's latest 13F filing, which also showed that the company has completely exited its positions in Snowflake and Paramount Global.