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flag Vanguard boosts Vaxcyte shares by 4.6%, signaling confidence in the biotech firm's vaccine development.

flag Vanguard increased its holdings in Vaxcyte, a biotech firm developing protein vaccines, by 4.6% to 11,961,687 shares, valued at $979 million. flag Meanwhile, Sei Investments reduced its stake by selling 17,535 shares, now owning 161,682 shares. flag Vaxcyte's lead vaccine, VAX-24, targets pneumococcal disease, and the company also develops vaccines for antibiotic resistance, Group A Streptococcus, periodontitis, and Shigella. flag Vaxcyte's stock has a market cap of $8.94 billion and received a "Buy" rating from analysts with a price target of $147.50.

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