We present the results of space-based photometric and ground-based spectroscopic observing campaigns on the γ-ray binary LS 5039. The new orbital and physical parameters of the system are similar to former results, except we found a lower eccentricity. Our MOST-data show that any broad-band optical photometric variability at the orbital period is below the 2 mmag level. Light curve simulations support the lower value of eccentricity and imply that the mass of the compact object is higher than 1.8 M⊙.