Is the Afterpay (ASX:APT) share price in the buy zone after its update?

The Afterpay Ltd (ASX: APT) share price has been a disappointing performer on Tuesday despite the release of a strong third quarter update.

In afternoon trade the payments company’s shares are down 1% to $124.87.

What did Afterpay report?

Afterpay continued its meteoric rise during the third quarter of FY 2021.

It reported a strong operating performance across all regions with underlying sales rising 104% over the prior corresponding period to $5.2 billion.

This was driven by a 75% increase in active customers globally to 14.6 million and increasing customer frequency across all regions. In respect to the latter, the top 10% of…